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Concealment Of A Non-Life-Threatening Condition Not Causing Death Should Not Invalidate An Insurance Claim: NCDRC

The National Consumer Disputes Redressal Commission, presided by Subhash Chandra, held Life Insurance Corporation liable for deficiency in service over invalidating an insurance case citing. ....

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Insurance Contracts Are Based On Principle Of 'Utmost Good Faith', Insured Under Obligation To Disclose All Material Facts In Proposal Form: NCDRC

The National Consumer Disputes Redressal Commission (NCDRC) bench comprising Mr Subhash Chandra (Presiding Member) and Dr Sandhya Shanker (Member) held that if the insured fails to disclose all. ....

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No Nexus Between Disease and Cause of Death, LIC Asked To Pay Rs47.90 Lakh to Nominees of Insured

While upholding an order passed by the state commission, the national consumer disputes redressal commission (NCDRC) dismissed an appeal filed by Life Insurance Corp of India (LIC) and asked the insurer to pay Rs47.90 lakh to nominees of the deceased life assured (DLA). ....

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NCDRC Dismisses Revision Petition by LIC And Imposes Cost In Insurance Claim Dispute

The NCDRC consisting of Inder Jit Singh (Presiding Member) dismissed a Revision Petition by the Life Insurance Corporation of India (LIC) and ordered to paya cost of Rs. 15,000 to the Complainants.. ....

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NCDRC Rejects LIC's Contention of Concealment, Asks To Pay Rs15 Lakh Insurance Claim with 9% Interest

Upholding orders passed by the below fora, the national consumer disputes redressal commission (NCDRC) says when Life Insurance Corp of India (LIC) knew about the issuance of the previous insurance policy issued a day prior, fault cannot be attributed to the deceased policyholder regarding concealment of fact. It directed LIC to pay the Rs15 lakh insurance claim, along with an interest of 9%, to the brother of the deceased policyholder. ....

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