Bare ActsThe Insurance Act, 1938

Section 50

Notice of options available to the assured on the lapsing of a policy.

Amendment status not verified — confirm the current text below against the official source.

An insurer shall, 1 [before the expiry of three months from the date on which the premiums in respect of a policy of life insurance were payable but not paid], give notice to the policy-holder informing hi m of the options available to him 2 [unless these are set forth in the policy.]

Amended up to 2019-03-25View on India Code →
Section 50 – The Insurance Act, 1938 | DailyLaw.ai