Chandigarh

DF-I

CC/259/2018

Simranjeet Singh - Complainant(s)

Versus

Reliance Nippon Life Insurance Co. Ltd. - Opp.Party(s)

Vikas Kumar

29 Jan 2020

ORDER

District Consumer Disputes Redressal Forum-I, U.T., Chandigarh
CONSUMER COMPLAINT NO. 259  OF  2018
Simranjeet Singh Vs   Reliance Nippon Life Insurance Co. Ltd. and another
BEFORE:
SURJEET KAUR, PRESIDING MEMBER           SURESH KUMAR SARDANA, MEMBER
PRESENT:
Sh.Sapinder Jeet Singh, Counsel for Complainant. Sh.Gaurav Bhardwaj, Counsel for Opposite Parties(OPs).
Dated : 29th January 2020
ORDER
Heard. The parties have settled the matter. Statement of Sh.Gaurav Bhardwaj, Counsel for OPs and that of Sh.Sapinder Jeet Singh, Counsel for Complainant have been recorded separately, in view of which the present consumer complaint is disposed off being settled. Statement of counsels for the parties recorded today shall form a part of this order and shall be binding on both the parties. It is made clear that in case the amount settled is not paid to the complainant by OPs as agreed upon, this order shall be treated as executable decree and the complainant shall be at liberty to get the same executed by filing an execution.         Certified copies of this order be sent to the parties free of cost. The file be consigned.

 

 

 

Sd/-

 [SURJEET KAUR]

PRESIDING MEMBER

 

 

 

Sd/-

[SURESH KUMAR SARDANA]

MEMBER

 

 

“Simranjeet Singh Vs. Reliance Nippon Life Insurance Co. Ltd. and another”

 

CC/259/2018

                        29.01.2020  

 

Statement of Sh.Gaurav Bhardwaj, Counsel for Opposite Parties(OPs).

 

 

The matter has been settled between the parties. As per settlement, the OPs have agreed to refund a sum of Rs.51,687/- (Rs.26,125/- plus Rs.25,562/- paid as premium for two years) and Rs.7,000/- as compensation/litigation costs (totaling Rs.58,687/-) to the complainant towards full and final settlement in this consumer complaint. The said amount shall be paid to the complainant within 45 days from today i.e. 29.01.2020. After payment is refunded to the complainant, the policy in question will stand terminated/cancelled. The complainant has agreed to the same. In the event of failure of payment of this amount, it shall carry on penal interest @ 12% p.a from the date of filing of the present consumer complaint till its realization.

 

 

RO/AC               Member             Presiding Member

                       

                                                         

Statement of Sh.Sapinder Jeet Singh, Counsel for Complainant.

 

 

I have read and heard the statement of Sh.Gaurav Bhardwaj, Counsel for OPs above said. The said settlement is acceptable to the complainant. This complaint may be disposed off in the aforesaid terms & conditions agreed upon.

 

 

RO/AC               Member             Presiding Member