NCDRC

NCDRC

RP/3616/2012

ICICI PRUDENTIAL LIFE INSURANCE CO. LTD. - Complainant(s)

Versus

DWARAMPUDI BHASKARA REDDY - Opp.Party(s)

M/S. BSK LEGAL

23 Jul 2014

ORDER

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION
NEW DELHI
 
REVISION PETITION NO. 3616 OF 2012
 
(Against the Order dated 09/05/2012 in Appeal No. 283/2010 of the State Commission Andhra Pradesh)
1. ICICI PRUDENTIAL LIFE INSURANCE CO. LTD.
1089,Appa Saheb Maratha Marg, Prabha Devi
Mumbai - 400025
Maharastra
...........Petitioner(s)
Versus 
1. DWARAMPUDI BHASKARA REDDY
S/o Dharma Reddy D.No-2-166,Munasabvari Street G Mamidada (V)
East Godavari
A.P
...........Respondent(s)

BEFORE: 
 HON'BLE MR. JUSTICE AJIT BHARIHOKE, PRESIDING MEMBER
 HON'BLE MRS. REKHA GUPTA, MEMBER

For the Petitioner :
Mr. Avanish Kumar, Advocate
For the Respondent :
Ms. K. Radha, Advocate

Dated : 23 Jul 2014
ORDER

Learned counsel for the petitioner states that the consumer complaint of the respondent is liable to be dismissed on the ground that insurance policy was obtained by making misrepresentation, yet the petitioner Company is ready to refund the insurance premium of Rs.50,000/- to the respondent Complainant as ex-gratia payment provided he is ready and willing to withdraw his complaint. Ms. K. Radha, Advocate for the respondent complainant accepts the offer and withdraws the consumer complaint. In view of the above, impugned order is set aside and the revision petition is disposed of in terms of the compromise. Petitioner is directed to refund the premium amount of Rs.50,000/- to the respondent complainant within two weeks from today, failing which the amount shall carry interest @ 12% p.a.

 
......................J
AJIT BHARIHOKE
PRESIDING MEMBER
......................
REKHA GUPTA
MEMBER

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