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50. Notice of options available to the assured on the lapsing of a policy.-

An insurer shall, 4[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 5[unless these are set forth in the policy.]

Insurance Act, 1938 Back

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