BEFORE THE A.P.STATE CONSUMER DISPUTES REDRESSAL COMMISSION: ATHYDERABAD.

F.A.No.799/2011 against C.C.No.46/2011 District Forum-III,Hyderabad.

Between

D.Suryanarayana

S/o.D.R.Swamy, aged about 62 years,

Prof:Retired Employee,

R/o.17-1-388/1,

Saidabad Colony

Hyerabad-500 059.                                                                                                                            And

1. Manager,

   st   

2. Manager,          

      India.                                                                                                          

Counsel for the Appellant             

Counsel for the Respondents       

QUORUM: 

AND

SRI S.BHUJANGA RAO, HON’BLE MEMBER. 

MONDAY, THE FOURTH DAY OF FEBRUARY,

TWO THOUSAND THIRTEEN

Order (Per Smt.M.Shreesha, Hon’ble Incharge President)

***

Aggrieved by the order in CC No.46/2011 on the file of District Forum-III,Hyderabad

       The clause 5 (iii) (c) says that “if the lapsed policy is not revived,

Even as per the table of schedule of charges, the surrender charges should be as follows:

       ‘ the surrender charges is 60% of the difference between the

It is the appellant/complainant’s case that this clause is not applicable to him as the appellant’s policy is lapsed and not surrendered.  

Whereas it is the case of the respondents that the insured has to pay the premium for the full term of the policy i.e. for 10 years whereas the complainant paid for one year and he cancelled the policy.     

In the result this appeal fails and is accordingly dismissed. 

                                                                  JM