Lic Of India vs Sabila Bano on 30 June, 2009
15. It
may be stated here that since the present case is a case of revival
of the policy, the question arises whether revival should be treated
as fresh contract or not. After expiry of the policy, if the party
chooses to revive the contract of insurance, revival is clearly in
law a fresh contract and this Commission has taken the same view in
the case of LIC Vs. Munni Bano reported in (2005) 4 CPJ 228 and thus
in the present case the revival of the policy would amount to a fresh
contract and that is why at the time of revival of the policy i.e.
on 3.10.07 , a fresh declaration was given by the deceased
regarding his health.