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SURAT: A Sahara Group company Sahara Q Gold Mart Ltd was ordered to return Rs 4.59 lakh with 8% interest from 2012 to an investor within one month by the Valsad District Consumer Dispute Redressal Commission. The court also ordered the compensation of Rs 5,000 to the complainant Naresh Solanki.
According to the case details, Solanki had invested Rs 4.59 lakh in June 2012 into Sahara Q Gold Mart Ltd s gold bond scheme that promised 12% annual return with a maturity period of five years.
In June 2017 when Solanki approached the company’s local office in Dharampur to collect the maturity amount, the local office bearer told him that he would need to talk to his head office first. When the company did not pay him the maturity amount, Solanki approached Valsad District Consumer Dispute Redressal Commission and lodged a complaint against company officials alleging cheating and unfair trade practices.
SURAT: In an important judgment with regard to the group medical insurance policy, the Valsad District Consumer Dispute Redressal Commission observed that individual policy holder’s risk cover in such group policies cannot start only after the insurance company receives the premium. The commission said there may be a delay in the process of collecting all employees’ premium and depositing the bulk amount by the company or department in the bank.
Going by its observation, the consumer court ordered Oriental Insurance Company Ltd to reimburse Valsad-based head constable (Armed), Haresh Desai, his mediclaim amount of Rs 1.5 lakh with seven percent interest effective from September 2017. It also awarded compensation of Rs 2,500 Desai.
SURAT: Will someone intentionally take his car inside deep water and inflict damage to the vehicle? Sounds bizarre, right?
But a private insurance company believes this has happened and rejected the damage claims of a Daman resident whose car had got stuck on a heavily waterlogged road. However, the Valsad District Consumer Dispute Redressal Commission has ordered the insurer, Tata AIG General Insurance Co Ltd, to reimburse the claim amount of Rs 3.29 lakh along with 7% interest since February 2019 to the complainant Kalpesh Shah, a resident of Nani Daman.
“The owner of the car would not intentionally take his car in deep water to cause damage to his own property,” the commission observed in its order. Shah had purchased an insurance policy for his car from the company for the period between July 30, 2017 and July 29, 2018.
Surat: Valsad District Consumer Dispute Redressal Commission (VDCDRC) has ordered an insurance company to reimburse the full claim amount for a cataract operation to a Valsad resident instead of the amount fixed for the surgery by the insurance firm.
According to the case details, Rajiv Shah, a resident of Rajput Complex in Valsad town, had purchased a health insurance policy with Rs 2.5 lakh sum insured from The Oriental Insurance Co Ltd in April 2018.
On December 28, 2018, Shah underwent a cataract operation at Amardeep Hospital in Valsad and was admitted as an indoor patient. Later, he claimed reimbursement of Rs 45,632 as medical cost before the insurance company. But Shah received only Rs 24,000.