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NCDRC recently advised IRDA to issue fresh guidelines on the conduct of insurance agents as regards full disclosure and consequences of non-disclosure of medical conditions of customers.
A bench of justices D Y Chandrachud and B V Nagarathna also said a proposer is under a duty to disclose to the insurer all material facts within his knowledge.
An insurer cannot repudiate a claim by citing an existing medical condition that was disclosed by the insured in the proposal form, once the policy has been issued, the Supreme Court has said. A bench of justices D Y Chandrachud and B V Nagarathna also said a proposer is under a duty to disclose to
An insurer cannot reject a claim by citing an existing medical condition disclosed by the insured person in the proposal form once the policy has been issued, the Supreme Court (SC) has said.
New Delhi: An insurer cannot repudiate a claim by citing an existing medical condition that was disclosed by the insured in the proposal form, once the policy has...