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Polymat India P. Ltd. & Anr vs National Insurance Co. Ltd. & Ors on 1 December, 2004

We have considered the submissions of the Ld. Counsel appearing for the parties as well as the evidence on record. We have also gone through the judgment relied upon by the Ld. Counsel for the respondent-opposite parties in M/s. Grasim Industries Ltd. & Anr (supra) as well as the Polymat India P. Ltd. & Anr (supra). It is the admitted position that the complainant deposited only 5 yearly premiums and thereafter, she did not deposit any premium for continuing her policy. The opposite parties-Insurance Company as per terms of the policy sent renewal premium notice on 03.10.2017 and 01.10.2018 to the complainant to pay the outstanding premium, but the complainant was silent. Then the complainant asked for refund of the premium by way of filing a petition and finally, filed the complaint petition almost 5 years from the date of issuing of renewal premium notice and not only that, the grievance letter sent by the complainant which was received by the opposite parties on 10.01.2017 is also after a lapse of more than 5 years from the issuance of insurance policy.
Supreme Court of India Cites 7 - Cited by 128 - A K Mathur - Full Document
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