C.C. Case No. CC/111/2019

Final Order/Judgment

Samiran Dutta, Ld. President:-

Both parties file hazira through Ld. Advocate. The case is fixed for argument. After hearing from both sides the commission proceeds to dispose of the case as hereunder.

The complt purchased a LIC policy (Jiban Saral) Policy No. being 498715268 commencing from 28.10.2009 with maturity dt-28.10.2019 with sum assured Rs.61,180/- and death benefit Rs.5,00,000/-. Upon maturity of the policy O.P, LIC offered Rs.87,182/- including loyalty but the complt refused to receive the same as the return investment  is less than the death benefit claim. The complt thereafter approached this Commission for appropriate relief.

O.P. files w.v contending inter-alia that the Complt is entitled not more than Rs.87,182/-as he is still surviving  and not entitled to get death benefit claim of Rs.5,00,000/-.

Decision with reasons.

Having regard to the facts of the case submission, contention and documents on both sides the Commission finds that the policy document which shows that it is Rs.5,00,000/- which is the death benefit sum assured and naturally that amount can be disbursed  to the legal heirs of the complt. on his death. The complaint case filed by the complt is totally misconceived. The complt is to receive Rs.87,182/- from the O.P. as the sum assured benefit of the policy in question after signing discharge voucher.

                                                Hence it is,

                                                            Ordered.

that the case is disposed of on contest by directing the Complt. to receive Rs.87,182/- from the Insurance Company  as full and final settlement of the claim on signing the discharge voucher within fortnight from this date.