LIC directed to pay Rs 9.28 lakh to consumer
01 Apr, 2014 02:02 PM
 
Chhattisgarh State Consumer Dispute Redressal Commission has dismissed an appeal filed by Life Insurance Corporation of India (LIC) and upheld the order of district forum, Raigarh, directing it to pay Rs 9.28 lakh to the nominee of an insured deceased Vinita Aggarwal.

According to the case file, Sanjay Agarwal, a resident of Raigarh, filed a complaint with district forum claiming that LIC wasn't paying the insurance claim of the deceased, Vinita.

He stated that a group insurance scheme was started in August 2004 by LIC and Union bank of India jointly under which the premium amount was to be deposited by Union bank of India directly to LIC from the interest accrued on a cumulative deposit scheme. Further, as per the scheme, the amount of insurance plus interest was to be paid to the nominee in event of the death of the insured.

He stated that Vinita Agarwal had opened an account with Union bank and deposited Rs 9,314 as a premium for a policy. After seven years, the maturity amount of the policy was Rs 10.54 lakh.

Subsequently, Vinita was admitted in Raigarh hospital for treatment of cough and chest pain. She was diagnosed as suffering from pneumonia and was referred to Raipur Medical College. However, she later died.

LIC denied the allegations and averred that the insured had given false and incorrect information regarding her health at the time of buying the policy.
 
Source : The Times Of India
http://timesofindia.indiatimes.com/city/raipur/LIC-directed-to-pay-Rs-9-28-lakh-to-consumer/articleshow/33052518.cms
 



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