Aetna Life of Australia & New Zealand Ltd v ANZ Banking Group Ltd - [1984] 2 NZLR 718

Insurance — Life insurance — Forfeiture of policy — Non-payment of premiums — Liability of insurer — Condition provided 30 days' grace for non-payment of premiums after which policy "will be forfeited" - Premiums had been unpaid for three months at death of insured — Whether policy automatically lapsed after the expiry of the days of grace — Whether insurer's liability had been suspended for non-payment of premiums.