Taken as amended to 2015. s. 45 is used in its substituted form — no policy may be called in question after three years on any ground, and a challenge within three years must be on fraud or misstatement communicated in writing with reasons (Act 5 of 2015, w.e.f. 26 December 2014). Where the IRDA Act 1999 Schedule differs from the Insurance Act, the Insurance Act governs.
The sections below are the ones the LL.B. papers examine on this Act, with the unit that covers each and the cases decided on it. The official text is on India Code ↗.
Sections in the syllabus
s. 6
s. 7(2)
s. 8(1)
s. 19
s. 20
s. 20(1)
s. 20(2)
s. 20(3)
s. 20(4)
s. 23
s. 35(3)
s. 36(2)
s. 38
s. 41(5)
s. 45
s. 51(1)(g)
s. 55(1)
s. 55(2)(a)
s. 64
s. 65
s. 79(1)
s. 79(2)
Cases on this Act
- Carter v. Boehm
- Macaura v. Northern Assurance Co
- Wilson v. Jones and Lucena v. Craufurd — the tests of insurable interest
- Griffith v. Fleming
- Dalby v. India and London Life Assurance Co (1854)
- Castellain v. Preston
- Pink v. Fleming (1890) 25 QBD 396
- Mithoolal Nayak v. Life Insurance Corporation of India, AIR 1962 SC 814
- Smt. Krishna Wanti Puri v. Life Insurance Corporation of India, AIR 1975 Del. 19
- Smt. Dipashri v. Life Insurance Corporation of India, AIR 1985 Bom. 192
- Life Insurance Corporation of India v. Asha Goel, AIR 2001 SC 549
- Cleaver v. Mutual Reserve Fund Life Association
- Samuel v. Dumas
- Kasim Ali Bulbul v. New India Assurance Co., AIR 1968 J & K 39
- Simmonds v. Cockell (1920) All ER Rep. 162