Fanciful claim rejection: LIC pays Rs 4L
The LIC has been directed by a consumer forum to pay Rs four lakh to the widow of a life insurance policy holder for rejecting her claim on husband’s death on a “fanciful ground”.
Read moreCaselaws: Life Insurance
State forum directs insurance firm to refund excess premium
For S Siddharthan from Tuticorin district, a life insurance policy payable over 25 years ended up sharpening his math skills. After his policy lapsed in April 2009 without any notice to him, it was renewed but with an erroneous premium amount.
Read moreInsurance firm fined Rs 50,000 for deficiency of service
Chandigarh Consumer Disputes Redressal Forum has levied penalty of Rs 50,000 and litigation costs of Rs 10,000 on a private insurance company for indulging in unfair trade practice towards a Jalandhar resident who earlier resided at Chandigarh. Read more
Consumer Forum orders LIC to Pay 60K for negligence
LIC has been pulled up by a Delhi consumer forum for “recklessly” misplacing a premium cheque, causing a policy to lapse and then defending their mistake before it. Read more
Saurabh Basu v. Union Of India And Others – WRIT – C No. – 9284 of 2007 [2007] RD-AH 18877 (14 Decem
HIGH COURT OF JUDICATURE AT ALLAHABAD
Reserved Court No.35
Civil Misc. Writ Petition No.9284 of 2007
Saurabh Basu
Versus
Union of India and others
Hon.Shishir Kumar, J. Read more
Limitation period is key to insurance claims Subject: Misinterpretation of judgment causes havoc in insurance cases.
Backdrop: The limitation period means the time within which a person must file his case before a judicial authority for exercising Read more
Not a just policy
The purpose of insurance is to indemnify the loss suffered by a policyholder. To fulfill the contractual obligation, the insurer Read more