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Search Results for "life insurance business"

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High Court

Bombay High Court Allows Health Insurance Renewal Petitions Against United India Insurance Company — Insurer Cannot Refuse Renewal Based on Pre-existing Disease Exclusion After Continuous Coverage Under Group Policy. The court held that the exclusion clause for pre-existing diseases applies only at the inception of the first policy and not at renewal, and that refusal to renew was arbitrary.

19 Aug 2013

The petitioners, account holders of Bank of Maharashtra, were covered under a group health insurance scheme called 'Mahabank Swasthya Yojna' provided ...

High Court

Bombay High Court Quashes Termination of LIC Agent for Violation of Natural Justice — Agency Termination Set Aside Due to Lack of Personal Hearing. The court held that termination without hearing violates principles of natural justice and remitted the matter for fresh consideration under LIC Agents Regulations, 1972.

28 Feb 2012

The petitioner, Mahesh Narayandas Kothari, was appointed as an agent of the Life Insurance Corporation of India (LIC) in 1988. In 2007, LIC noticed ir...

Supreme Court

Supreme Court Allows Appeal in Mediclaim Policy Renewal Dispute — Insurer Must Disclose Material Changes in Coverage at Renewal. Renewal of Insurance Policy is Not a Fresh Contract; Insurer Owed Duty to Inform Insured of Restrictive Terms Under Principle of Utmost Good Faith.

9 Dec 2021

The appellants, Jacob Punnen and his wife, held a Mediclaim policy with United India Insurance Co. Ltd. since 1982, renewed annually. In March 2008, t...

High Court

High Court of Karnataka Allows Appeal in Insurance Nomination Dispute — Nominee Cannot Override Succession Rights Under Hindu Succession Act. Section 39 of Insurance Act, 1938 does not confer absolute title on nominee; nominee holds policy benefits as trustee for legal heirs.

20 Feb 2025

The case involves a dispute between the appellant, Smt. Neelavva @ Neelamma, and the respondents, Smt. Chandravva @ Chandrakala @ Hema and her minor s...

Supreme Court

Supreme Court Dismisses Assessee's Appeal in Income Tax Rebate Case Due to Non-Satisfaction of Section 15(1) Conditions. Children’s Deferred Endowment Assurance Policy Premium Not Eligible for Rebate as Insurance Not on Assessee’s Own Life Under Income Tax Act, 1922.

14 Oct 1966

The case arose from an income-tax assessment for the year 1960-61, where the assessee, a minor, claimed rebate under Section 15(1) of the Income-tax A...

High Court

High Court of Karnataka Allows Appeal in Insurance Nomination Dispute — Mother of Deceased Policyholder Entitled to Insurance Proceeds as Nominee Under Section 39 of Insurance Act, 1938. Nominee is a Trustee, Not Beneficial Owner; Suit for Declaration and Injunction by Legal Heirs Not Maintainable.

27 Nov 2023

The appellant, Smt. Yashodha, is the mother and nominee of the deceased policyholder, Sri Rohith S, who died intestate. The respondents, Smt. Rashmi J...

High Court

Bombay High Court Dismisses Revenue's Appeal in Keyman Insurance Premium Deduction Case. Partnership Firm's Premium on Partner's Life Insurance Held Allowable as Business Expenditure Under Section 37(1) of Income Tax Act, 1961.

31 Mar 2010

The appeal by the Revenue under Section 260A of the Income Tax Act, 1961 challenged the order of the Income Tax Appellate Tribunal (ITAT) which had co...

Supreme Court

Supreme Court Allows Appeal in Insurance Claim Dispute — Repudiation of Overseas Mediclaim Policy for Non-Disclosure of Pre-existing Condition Set Aside. Insurer Failed to Prove That Insured Had Knowledge of Hyperlipidaemia at Time of Proposal.

6 Dec 2021

The appellant, Manmohan Nanda, sought an overseas mediclaim policy from United India Assurance Co. Ltd. to travel to the USA for a family wedding. He ...

High Court

Bombay High Court Dismisses Insurance Company's Petition Challenging Ombudsman Award in Favor of Widow in Housing Loan Insurance Claim. Non-Disclosure of Pre-Existing Conditions Not Material to Risk, Ombudsman's Award Upheld.

3 Sep 2025

This case involves a widow, Gauri V. Raut (Respondent No. 2), whose husband, along with her father-in-law and brother-in-law, passed away within a spa...

High Court

Bombay High Court Allows Writ Petition Challenging Eviction Order Under Public Premises Act — LIC Held Not a 'Public Premises' as It Ceased to Be Government Company After 2013 Amendment. The court held that the Estate Officer lacked jurisdiction to order eviction of a tenant from LIC premises because LIC was not a Government company under Section 2(e) of the Public Premises Act, 1971.

31 Jul 2018

The petitioner, M/s Indian Coffee Workers Cooperative Society Limited, a society registered under the Maharashtra Cooperative Societies Act, was a ten...

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