LIC Asked To Pay Balance of Full Surrender Value as Conveyed to Policyholder

While upholding an order passed by the Punjab state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) directed the Life Insurance Corporation of India (LIC) to pay the balance of Rs99,136 with a 9% interest out of the surrender value of Rs5,78,948 conveyed to the policyholder.

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