Haryana

StateCommission

A/503/2016

NEELAM - Complainant(s)

Versus

LIFE INSURANCE CORP. - Opp.Party(s)

AMIT ARORA

03 Oct 2016

ORDER

STATE CONSUMER DISPUTES REDRESSAL COMMISSION HARYANA, PANCHKULA

                                                 

First Appeal No  :      503 of 2016

Date of Institution:      02.06.2016

Date of Decision :       03.10.2016

 

Neelam wife of late Tara Chand, Resident of Kharawar, Tehsil and District Rohtak.

                                      Appellant-Complainant

Versus

 

Life Insurance Corporation of India, through its Divisional Manager, Subhash Road, Opposite All India Radio, Rohtak.

                                      Respondent-Opposite Party

 

CORAM:             Hon’ble Mr. Justice Nawab Singh, President.

                             Shri B.M. Bedi, Judicial Member.

                             Mrs. Urvashi Agnihotri, Member.                                                                                                                              

Present:               Shri Amit Arora, Advocate for appellant.

 

                                                   O R D E R

 

NAWAB SINGH J.(ORAL)

 

          Tara Chand-since deceased, husband of complainant/appellant, obtained three Life Insurance Policies from Life Insurance Corporation of India (LIC)-Opposite Party/respondent. The sum assured for two policies was Rs.3.00 lacs each and third policy was of Rs.1.00 lac. Thus, the total sum assured was Rs.7.00 lacs. The insured died. The complainant filed claim with the LIC but the LIC repudiated the claim. Hence, complaint under Section 12 of the Consumer Protection Act, 1986 was filed before District Consumer Disputes Redressal Forum, Rohtak (for short ‘the District Forum’).

2.                Vide order dated 28^th April, 2016, the District Forum allowed the complaint directing the LIC as under:-

“10.   As such it is observed that opposite party shall pay the death benefits under the policies No.172208461, 174577567 and 173059008 amounting to Rs.300000/-, Rs.300000/- and Rs.100000/- respectively i.e. total Rs.700000/- (Rupees seven lacs only) alongwith interest @ 9% p.a. from the date of filing the present complaint i.e. 22.09.2014 till its actual realization other benefits under the policy, if any and shall also pay an amount of Rs.3500/- (Rupees three thousand five hundred only) as litigation expenses to the complainant maximum within one month from the date of decision failing which the awarded amount shall carry further interest @ 12% p.a. from the date of decision. Complaint is allowed accordingly.”                              

3.                By filing this appeal the prayer made is to enhance the rate of interest from 9% to 18% per annum.

4.                Indisputably, the sum assured was Rs.7.00 lacs and that amount has been awarded to the complainant alongwith interest @ 9% per annum from the date of filing complaint till its realisation. Besides, the complainant has been awarded compensation of Rs.3500/- litigation expenses.

5.                In view of the above, the complainant has been adequately compensated and there is no scope for enhancement of interest. Hence, the appeal is dismissed.

 

Announced 03.10.2016

Urvashi Agnihotri Member

B.M. Bedi Judicial Member

Nawab Singh President

CL