Category : LIC
SRIVILLIPUTTUR:
Virudhunagar District Consumer Disputes Redressal Forum on Tuesday
imposed a fine of Rs.10,000 on Life Insurance Corporation of India,
Srivilliputtur Branch, for non-payment of compensation to a woman, P.
Pandialakshmi, following the death of her husband A.Palpandi, whose life
was covered for Rs.5 lakh.
When the 35 year-old woman
approached the branch, she was denied the claim form and was told that
she was not eligible to get compensation, though she was the nominee
in all the five policies. Subsequently, she sent a legal notice to the
branch.
Palpandi, who was a clerk in a cooperative
society, had taken five policies covering his life for an insured amount
of Rs. one lakh each in March 2015. After he had paid the annual
premium for all the policies, he died on August 30, 2015, due to
jaundice. Responding to the legal notice, the insurance company claimed
that the woman had not made any representation seeking claim form.
When
the case came up for hearing, the president, V.Balasundarakumar, said
that the branch should have treated the legal notice as the claim form
and settled the compensation to the rural woman.
Mr.
Balasundarakumar ordered that the compensation of Rs.5.14 lakh should be
paid within one month from the date of verdict, failing which the
insurance company should pay it with an interest of 6 per cent.
He
also ordered the company to pay a compensation of Rs.10,000 to the
widow for her mental agony and Rs.3,000 towards legal expenses.
( Madurai edition of The Hindu, Wednesday, October 5, 2016 )
Courtesy : MPS
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