TMI Blog1995 (2) TMI 450X X X X Extracts X X X X X X X X Extracts X X X X ..... ation of India (hereinafter 'the Corporation'). The Policy was obtained on 1.4.1989 and two yearly premiums had been paid by 1.4.1991. As the third annual premium could not be paid within the grace period of a month thereafter, the Policy lapsed on 1.5.1991. It however so happened that the Policy holder was assassinated on 30.5.1991 at Chandigarh. A claim for the sum assured, alongwith an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... relaxed this condition vide its circular dated 16.10.1987, according to which if the death of the assured were to occur after two premiums have been paid within three months of the due date of the next unpaid premium, the full Sum Assured together with the declared bonuses would be paid. Shri Rao, appearing for the respondent Corporation, contends that the expression full Sum Assured would re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e one which favours the Policy holder, as the same advances the purpose for which a Policy is taken and would be in consonance with the object to be achieved for getting lives assured. Had this been the only material before us, we would have ordered the respondent to pay a further sum of ₹ 1 lakh, but then Shri Rao brings to our notice a subsequent circular of the Corporation dated 4.1.1991 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds of terrorists and his having been survived of his widow and three children, we are of the view that the interest of justice demands some further payment to be made to the appellant, which we quantify as ₹ 50,000/ -. We, therefore, order that a further sum of ₹ 50,000/- be paid to the appellant by the respondent on ex gratia basis. This would be done within a month. 5. The appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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