Section 50. Notice of options available to the assured on the lapsing of a policy.
An insurer shall, 1[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 2[unless these are set forth in the policy.]
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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