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Reliance Life Insurance Asked To Pay Rs1 Crore with 9% Interest to Nominee of the Deceased

Rejecting the contention of Reliance Life Insurance Company on concealed material evidence by the insured, the national consumer disputes redressal commission (NCDRC) directed the insurance company to pay the claim amount of Rs1 crore with an interest of 9% and Rs50,000 litigation cost to the nominee of the deceased life assured (DLA).

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