According to the opposite parties, the policy availed by the complainant is a Unit Linked Policy and hence the complaint is not Consumer with the meaning of Consumer Protection Act. So it is not maintainable before this Forum.

The Respondent/Complainant, through not filed any counter, vehemently opposed the petition.

Heard both sides and perused records.

The Honourable National Consumer Redressal Commission, in 2013(2) CPR 389 (NC), held that the consumer Forum has no jurisdiction to entertain the case which is coming under Unit Linked Policy and there is no doubt, a speculative gain and speculative motive investment in such matters.

Hence the IA is allowed and accordingly the complaint is returned for filing in a proper Forum.