When Can Life Insurance Claim Be Repudiated For Not Disclosing Other Existing Policies? Supreme Court Explains

The Supreme Court, while deciding an insurance-related claim, observed that insurance is a contract of utmost faith and it is an insured’s duty to disclose all material facts. Non-disclosure of such fact may result in repudiation of the claim; however, the materiality of a certain fact is decided on a case-to-case basis.“An insurance is a contract uberrima fides. It is the duty of the…

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