Amendment in Sec 45 of Insurance Act, 2015
As per Section 45 of the Insurance Amendment Act 2015, Reliance Life Insurance Company (the Company)
would forfeit the entire premium paid by a policy holder in the event the Company identifies any active
and deliberate concealment of a material fact by the policy holder and / or in the event the insurance policy is
obtained from Reliance Life Insurance Company in a fraudulent manner.