The NCDRC consisting of Dr. Inder Jit Singh (Presiding Member) dismissed the Revision Petition filed by Life Insurance of India (LIC) and upheld the State Commission s decision. It held that LIC.
Coming down heavily on the Life Insurance Corporation of India (LIC) for contesting insurance claims on technical grounds, instead of fulfilling its obligation in full under the policy, the national consumer disputes redressal commission (NCDRC) directed LIC to pay Rs6 lakh as a triple benefit stated in the policy.
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