Supreme Court Allows Appeal in Life Insurance Surrender Value Dispute — Computation of Bonus Surrender Value Must Be Based on Approved Formula Under Section 113 of Insurance Act, 1938. The Court Remanded the Matter to National Commission for Fresh Consideration After Insurer Produces the Approved Formula.
7 Mar 2019The appellant, Anandrao Ramchandra Salunke, obtained a life insurance policy from the Life Insurance Corporation of India (LIC) on 11 November 1993 fo...
