Insurance Act, 1938 · Chapter II: Provisions Applicable to Insurers · Special provisions of law
Section 50: Notice of options available to the assured on the lapsing of a policy
An insurer shall, [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 [unless these are set forth in the policy.]
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 50
No Supreme Court judgment in our database cites this section yet.