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Mumbai: Consumer Commission Orders Oriental Insurance To Pay Deceased Policyholder's Claim With Interest &Compensation

Mumbai: Consumer Commission Orders Oriental Insurance To Pay Deceased Policyholder's Claim With Interest &Compensation
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Ravindrap Nagre , Manjulaben Parekh , District Consumer Disputes Redressal Commission , Insurance Company Ltd , Oriental Insurance Company , Peddar Road , Shraddha Jalnapurkar , Alankit Healthcare , Jaslok Hospital ,

Insurance Misselling: Bajaj Allianz Life Asked To Refund Entire Premium of Rs8.15 Lakh with 9% Interest to Senior Citizen

Coming down heavily on Bajaj Allianz Life Insurance Co Ltd for unfair trade practices and selling 99-year insurance policies to a senior citizen, the additional district consumer disputes redressal commission for Mumbai suburban directed the insurer to refund the entire premium of Rs8.15 lakh with an interest of 9% from 1 April 2019 to the policyholder. ....

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