Insurance firm asked to pay Rs 1 lakh to client
A district consumer forum has asked the National Insurance Company to pay Rs 1 lakh for repudiating the insurance claim of one of its clients. The complainant, Ratan Sethi, had purchased a vehicle from Tajinder Sethi in December 2008. He had insured the car for an amount of Rs 90,000 with the company and claims to have stated that the “formalities of the transfer of the registration certificate of the vehicle was still in process”. When the car was stolen, the company refused to pay the insurance amount saying that he was “not the registered owner of the vehicle on the date of the theft”. Read more
