Insurance co told to pay up after premium row

Failure of an insurance company to keep its client updated about the status of premium paid and later refusing to pay the final premium amount has proved dearer for it. District consumer disputes redressal forum has accused it of deficient in its service and slapped a fine on it.

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Max Life Insurance to pay Rs 20K, ordered by a consumer forum

Max  Life Insurance Company been ordered by a consumer forum here to pay Rs 20,000 as compensation to the grandfather of a policy holder for issuing a policy with terms and conditions different from what was told to him.

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Labourers not covered by insurance

The Supreme Court ruled last week that an insurance policy of a motor vehicle did not cover employees of a person who hired the vehicle to carry goods. “Someone who travels, not being an authorised agent in place of the owner of goods, and claims to be an employee of the owner of goods, cannot be covered by the statutory policy,” the court stated in the judgment, Sanjeev Kumar vs National Insurance Company. The dispute arose when a person hired a vehicle to carry his goods and took along with him two employees. All of them died in a road accident. The Himachal Pradesh High Court, modifying the order of the accident claims tribunal, asked the insurance company to pay compensation and allowed it to recover from the owner of the vehicle. Therefore, the owner appealed to the Supreme Court. The appeal was dismissed.

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