LIFE INSURANCE CORPORATION OF INDIA &ANR vs DHARAM VIR ANAND

The Supreme Court addressed the interpretation of Clause 4B of a life insurance policy regarding the commencement of risk and the applicability of liability in cases of suicide. The Court held that the date of the policy issuance (31.3.90) is critical in determining the insurer's liability, as the suicide occurred within three years of this date. Consequently, the insurer's liability was limited to the total premiums paid, affirming the decisions of the lower forums under the Consumer Protection Act, 1986, specifically Section 12.