SC: Insurers can deny claims for alcohol use non-disclosure
The Supreme Court upheld Life Insurance Corporation’s denial of a claim for hospitalisation under the 'Jeevan Arogya' scheme due to non-disclosure of alcohol consumption by the policyholder. The court justified the decision based on the suppression of material facts and the exclusion clause regarding the use or misuse of alcohol.
The Supreme Court upheld Life Insurance Corporation’s denial of a claim for hospitalisation under the 'Jeevan Arogya' scheme due to non-disclosure of alcohol consumption by the policyholder. The court justified the decision based on the suppression of material facts and the exclusion clause regarding the use or misuse of alcohol. What's Your Reaction?
