Reliance Life Insurance Company Ltd vs Jaya Wadhwani

The Supreme Court held that in cases of life insurance policies, the 12-month exclusion period for suicide claims under Clause 9 of the policy must consider the date of reinstatement of the policy, not just the date of issuance. The Court found that the lower forums incorrectly calculated the exclusion period from the issuance date without accounting for the reinstatement date, which was crucial in determining the validity of the claim. Consequently, the appeals were allowed, and the orders of the lower forums were set aside.