LIC could not be asked to make Payment of Claim under the Policy, if the same was lying in a Lapsed Condition at the time of Death of the Policy-Holder [Case Law]
Consumer Protection Act, 1986 - S. 21(b) - Revision Petition - Life Insurance - LIC could not be asked to make payment of claim under the policy, if the same was lying in a lapsed condition at the time of death of the policy-holder.