B.P.JHA, J.

1. The Life Insurance Corporation of India (hereinafter referred to as the Corporation) preferred an appeal against the judgement dated 14th Feb., 1972 in Money Suit No. 40 of 1969.

2. Ramdas Agrawal, being the son of Babulal Agrawal, instituted a suit for recovery of Rs. 12,980.00 from the Corporation. Babulal Agrawal, the father of the plaintiff, submitted a propose for insurance of his life. The sum assured in the policy was Rs. 11,000/-. The Corporation accepted the propose of Babulal Agrawal and issued life insurance policy no. 10402073 dated 28th August, 1963. Babulal was required to pay premium each year on 18th April. The grace period prescribed in the policy (Ext. 1) was thirty days. If the premium was not paid within the grace period, the policy would lapse. A condition in the policy was that the policy could be revived during the lifetime a the Life Assured within a period of five years from the due date of the first unpaid premium and before the date of maturity. It is said that the assured died on 11th Sept. 1967. Before his death, he paid five premiums. It is for this reason the plaintiff filed the suit for recovery of the sum assured, that is, Rs.