S. C. MOHAPATRA, J.

( 1 ) THESE two appeals by the defendant arises out of a common judgement in two suits arising out of the same cause of action where the parties are the same, issues are the same and reliefs claimed are the same. Accordingly, they are heard together.

( 2 ) APPELLANT is a statutory body constituted under the Life Insurance Corporation Act, 1956. After this Act came into force, appellant became the sole authority to have life insurances in India. For insuring a life, a proposal is to be made by the life sought to be insured, the proposer is to be medically examined by a medical examiner approved by the insurer who is to give a confidential report to the insurer and the premium amount required is to be paid. Possessed of these two documents, insurer is to decide the question of acceptance of the proposal. Once the proposal is accepted, contract is complete and policy is to be issued. Where, for reasons indicated in term of the policy, it lapses, the same can be revived as per the terms contained therein. On happening of the event mentioned in the policy, insurer is to pay the sum assured with benefits, if any, either to the insured or his nominee or legal heirs as