Mahaveer Sharma vs Exide Life Insurance Company Limited 2025 INSC 268 - Insurance Law

Insurance - An insurance is a contract uberrima fides. It is the duty of the applicant to disclose all facts which may weigh with a prudent insurer in assuming the risk proposed. These facts are considered material to the contract of insurance, and its non-disclosure may result in the repudiation of the claim. The materiality of a certain fact is to be determined on a case-to-case basis. [Context: In this case, the Court noted that the insured had made a substantial disclosure - and therefore held that the failure to mention about other policies does not amount to a material fact in relation to the policy availed and consequently, the claim could not have been repudiated by the respondent company.]