Section 45 of IA : Section 45: Policy Not To Be Called In Question On Ground Of Mis-Statement After Two Years

Explanation using Example

Example Scenario: Application of Section 45 of The Insurance Act, 1938

Imagine Mr. John Doe took out a life insurance policy on January 1, 2020. He provided all the necessary information to the best of his knowledge and the policy came into effect immediately. Three years and six months later, on July 1, 2023, Mr. Doe unfortunately passes away and his beneficiaries file a claim with the insurance company.

Under Section 45(1) of the Insurance Act, 1938, the insurance company cannot call into question the validity of Mr. Doe's policy on any ground whatsoever since more than three years have passed since the policy's issua...

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