NCDRC Asks LIC To Pay Rs4 Lakh with 9% Interest for a Death Claim
Rejecting the Life Insurance Corporation of India (LIC)s contention that there was a material suppression of the health condition in the proposal form by the deceased life assured (DLA), the national consumer disputes redressal commission (NCDRC) directed the insurer to pay an Rs4 lakh death claim with 9% interest to the wife of the DLA.
Sarbani Chatterjee Justice Sudip Ahluwalia Prasanta Chatterjee Binoy Kumar Chitra Ranjan Das Ray Chaudhari
Source: moneylife.in