Mrs. A’s spouse had bought life insurance from RLI in September
2008. However, Mrs. A
has taken a life insurance from Max. Life Insurance on July 2008.
This information is not shared
with RLI. After the death of her spouse Mrs. A made a claim under
the policy in February 2009.
While RIL was making a decision on this claim, Max life informed it
of the previous insurance.
Because Mrs. A has not revealed this information, RIL rejected her
claim. Discuss compliances
related to this case laws. What necessary steps has to be taken
under the provisions of IRDAI under
this matter.
Mrs. A’s spouse had bought life insurance from RLI in September 2008. However, Mrs. A has taken a life insurance from Ma
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