Jharkhand

Bokaro

CC/12/2022

Mahendra Pathak - Complainant(s)

Versus

Chief Manager, LIC - Opp.Party(s)

Phuspanjali Kumari

26 Apr 2023

ORDER

District Consumer Disputes Redressal Commission, Bokaro

Date of Filing-15-01-2022

Date of final hearing-26-04-2023

 Date of Order-26-04-2023

Case No. 12/2022

Mahendra Pathak S/o Late Babu Lal Pathak,

R/o Sector-8/A, Qr.No. 1406, Sector-9/A, P.S.-Harla,

 B.S.City, District- Bokaro

Vs.

1.Chief Manager, LIC,

Office Of Hazaribagh Devision,

Dist Board Building, District Board Chock,

Hazaribagh, Jharkhand 825301

2. Branch Manager, LIC, Bokaro Branch-II,

S Block, near Circus Maidan, Sector-4,

P.O and P.S- Sector-4, Bokaro Steel City,

District- Bokaro, Jharkhand

 Present:-

                             Shri Jai Prakash Narayan Pandey, President

Shri Bhawani Prasad Lal Das, Sr.Member

                  Smt. Baby Kumari, Member

PER- J.P.N Pandey, President

-:Order:-

1. Complainant’s case in brief is that he purchased Jivan Saral Policy of LIC and as per agent annual premium was Rs. 6005/- to be paid for 10 years and in case of death Rs. 1,25,000/- was to be paid and in case of maturity Rs. 1,06,452/- was to be paid as maturity benefit with loyalty addition but on maturity only Rs. 27,939/- was paid to the complainant and Rs. 78,513/- was to be paid which has not been paid hence this case has been filed for direction to the O.Ps. to pay Rs. 78,513/- with 18% interest and also to pay Rs. 20,000/- as compensation and Rs. 15,000/-  as litigation cost.
2. O.Ps. appeared and have not filed W.S. hence they have been debarred from filing W.S. vide order dt. 08.07.2022 but later on O.Ps. have filed written notes of argument on 27.08.2022. As per O.Ps. all payments have been made as per terms and conditions of the policy bond and nothing is due to be paid to the complainant.
3. On perusal of the policy bond it is apparent that maturity benefit Rs. 19,745/- was to be paid in case of maturity of the policy along with the loyalty bonus. It is admitted fact that Rs. 27,939/- has already been paid to the complainant on 18.09.2020. Therefore, it is apparent that as per policy bond payment has already been made.
4. Therefore, we are of the view that mere on the basis of unauthentic paper no right will accrue to any one to make any claim. Therefore, in our opinion claim is not maintainable as per terms and conditions of the insurance policy under question.
5. Accordingly in light of above discussion case is being dismissed and in the facts and circumstance of the case parties shall bear their own costs.

(J.P.N. Pandey)

                                                                                      President

 

(B.P.L Das)

   Sr. Member

                                                                            

                                                                               (Baby Kumari)

                                                                                       Member