News
   
Latest News
SBI life leads globally at million dollar round table (MDRT) 2010
....Read more
2009 News
2009 News
....Read more
2008 News
2008 News
....Read more
2007 News
2007 News
....Read more
2006 News
2006 News
....Read more
 
 
 
 
Latest News
Dec 8 2011 10:43AM
Consumer court tells LIC to pay Rs 5 lakh to widow

A consumer court has directed Life Insurance of India (LIC) to pay the insurance claim amounting Rs 5 lakh along with 12 per cent interest to a widow, whose death claim of her insured husband was repudiated on flimsy grounds. While admitting the plea, the District Consumer Forum, Panchkula said, LIC authorities have, illegally and without any justifiable reasons, repudiated the genuine death claim made by the complainant. Neelam Chopra, wife of late Rakesh Chopra, had filed a complaint before the Forum that LIC has repudiated her death claim on false grounds. Rakesh Chopra, died on July 1, 2004 and his wife Neelam filed a death claim on August 24, 2005. However, LIC repudiated the claim of the complainant on June 18, 2009 on the grounds that the deceased had suppressed information regarding his health at the time of effecting the policy. LIC said that claim has become time-barred. The complainant contended that the deceased neither concealed any disease at the time of proposal nor was having any symptom or existence of any such disease. He died of cardio respiratory arrest and infection. According to Neelam her husband had submitted the Proposal Form for insurance of his own life on January 24, 2003 as a medical case. She further said her husband was medically examined by LIC approved doctors. The forum said, There is a deficiency in service on the part of LIC. The insurance company is also guilty of adopting unfair trade practices and have caused unnecessary mental agony, undue harassment and inconvenience to the complainant.
 
 
 
 
 
 
 
 
 
     
 
     
 
 
 
 
Insurance is a subject matter of solicitation -- Our License No.IRDA/DB 486 /2010
Home | About Us | Car Insurance | Health Insurance | Travel Insurance | Life Insurance | Loan | FAQ | Contact Us
Privacy Policy | Disclaimer | Terms of Use | SiteMap | Process | Our Partners | Press Area | Careers | Claims