INSURANCE CLAIM: Insurance consumer wins:Householder's policy includes family ...

Insurance consumer wins:Householder's policy includes family

March 5, 2013

A householder's insurance policy protects the valuables ofnot just a policyholder but also family members, the top consumer court hassaid while directing a company to pay a Mumbaikar Rs.13.38 lakh for theft ofhis wife's jewellery. …

Insurance claims not time-bound: Panel

Jan 15, 2013

MUMBAI: The Maharashtra State Consumer Disputes Redressal Commission recently held that filing an insurance claim late cannot be the reason for rejecting it. The commission, while upholding a district forum's order, directed The Oriental Insurance Company Ltd to pay the widow of a man who died in a 2006 accident the entire claim of Rs 1 lakh plus a compensation of Rs 46,000 even though the claim had been filed well past the one-month 'deadline'. The commission held that the deadline was not a "mandatory condition", but a kind of directive.

Referring to past orders, the commission observed, "This commission has constantly held that giving intimation within specified period or within one month is not a 'mandatory condition', but it is a 'directory' in nature and breach of this condition does not empower appellant insurance company to forfeit or foreclose the insurance claim required to be duly settled...."…

You may like to click on any of the following links:-

* DOPT/CVC/RTI/MOF/CGHS/DPE/RAILWAY/RBI/IRDA Circulars/Orders/Notifications/Guidelines and other Govt. Circulars/Orders/Notifications
* Right to Information (RTI) – Rules/Notifications/Circulars/Guidelines/Orders; Central Information Commission (CIC)’s Circulars/Directions/Decisions
* Central Vigilance Commission (CVC) Circulars / Notifications / Office Orders / Guidelines

Insurer, transport company told to pay Rs 41 lakh to accident victim's kin

Jan 13, 2013

THANE: The Motor Accident Claims Tribunal (MACT) here directed an insurance company and a private transport agency to jointly pay Rs 41 lakh compensation to a widow who lost her husband and here close relatives in a road accident on the Pune-Bangalore highway in November 2003.

The judgement issued by district judge NB Dhayatadak recently has far-reaching implications considering that scores of innocent people who are victims of rash driving or road rage by other motorists can now claim compensation for the irreparable damage to them and their families….

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