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Six people, including murder accused Prakash Shingnapure, who had allegedly killed his wife and daughter, have been booked for defrauding the insurance company of Rs 2.79 lakh by submitting the wife’s fake death certificate. Read more
The LIC of India has been pulled up by the apex consumer commission for its failure to issue the policy to a woman in her life time despite receiving the premium from her and retaining it for nearly three years. The National Consumer Disputes Redressal Commission (NCDRC) also ordered the Life Insurance Commission of India to pay late woman’s kin a compensation of Rs one lakh. Read more
The plea of a private insurance firm official to set aside the charges of cheating several members of a family of over Rs 4.5 lakh has been dismissed by a sessions court. Read more
Insurance Ombudsman in Chandigarh has asked private insurer HDFC Standard Life Insurance to pay Rs five lakh with interest to an NRI complainant after holding the company responsible for mis-selling a policy.
“An award is passed with a direction to the insurance company to make payment of Rs five lakh with interest at rate of eight per cent from the date of complaint that is March 2, 2010,” said Insurance Ombudsman (Chandigarh), Manik Sonawane in his order. Read more
According to the estate officer’s January 10, 2010 order, HMT Ltd had vacated its rented office in Jeevan Tara building in May 2010 Read more
A Delhi district consumer forum has directed Aviva Life Insurance Company Pvt Ltd to pay Rs 13.5 lakh to a late policy holder’s sister for rejecting her claim for the sum assured on her brother’s death. Read more
The Insurance Regulatory and Development Authority (IRDA) has levied a fine of Rupees Twenty two lacs on Kotak Mahindra Old Mutual Life Insurance Company for violation of certain provisions. Read more
Seven years after the July 26 deluge, a consumer forum recently ordered the New India Insurance Company Ltd to pay a Juhu resident Rs 3.84 lakh he had claimed after his car was severely damaged due to the flood waters. The company will also pay the complainant A B Gupta Rs 10,000 as costs of the complaint. Read more
Kotak Mahindra Old Mutual Life Insurance Ltd has been ordered to pay Rs 36,800 to a man for not returning the premium amount paid for a policy which he had returned within the 15-day free-look period. Read more
The Life Insurance Corporation (LIC) of India has been directed by a consumer forum here to pay Rs 6.5 lakh to a widow for rejecting her insurance claim on her late husband’s policy “deliberately and arbitrarily”.
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