Rejection of claim as policy stood lapsed on account of non-payment of premium, on date on which insured event took place, held, proper and justified. Further held, subsequent renewal cannot be relied on to base a claim for period during which the policy stood discontinue / lapsed, where the same is obtained by suppression of material facts. Hence, claim of the complainant was liable to be rejected on the said ground alone.
[LIC v. Sunita, (2022) 1 SCC 68]