Insurance.
Health Insurance.
1) when insurance company voluntarily accepts premium, it cannot resile from its liability under insurance contract.
2) insurance company accepted premium without insisting for medical checkup – acceptance of premium is proof of waiver by insurance company for pre-insurance medical examination.
3) after 2 years of receiving premium the insurance company cannot cancel the insurance contract and the insurance company cannot be permitted to wriggle out of the insurance contract.
D. Shri Niwas v. SBI Life Insurance
AIR 2018 S.C 2180