Insurance 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…
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.
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.
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 his rights. This period is to be calculated from the…
Not a just policy
The purpose of insurance is to indemnify the loss suffered by a policyholder. To fulfill the contractual obligation, the insurer has to assess accurately and precisely the loss suffered by…