BEFORE THE DISTRICT CONSUMER DISPUTES REDRESSAL FORUM

VAZHUTHACAUD, THIRUVANANTHAPURAM.

PRESENT

SRI. P. SUDHIR                                         :  PRESIDENT

SMT. R. SATHI                                         :  MEMBER

SMT. LIJU B. NAIR                                  : MEMBER

C.C. No. 240/2015 Filed on 05.06.2015

ORDER DATED: 16.06.2015

Complainant:

Nizar. V.P, T.C 49/276/1, Kamal Nagar, Kamaleswaram, Manacaud P.O, Thiruvananthapuram-695 009.

                                                 (Party in person)                        

Opposite parties:

1. TATA AIA Life Insurance Company Ltd., 3^rd Floor, Above Spencers Daily, E.D Heights, Pattom, Thiruvananthapuram-4

2. TATA AIA Life Insurance Company Ltd., Reg. N. 110, Corporate/Regd. Office, 6^th Floor, Peninsula Towers, Peninsula Corporate Park, Ganpatraokadam Marg, Lowe Parel, Mumbai-400 013.

ORDER

The law is now well settled that policies for speculative nature and are taken for investment purpose and as such the policy holder is not a consumer as per the dictum in Ramlal Aggarwala Vs. Bajaj Allianz Life Insurance Co. Ltd. 2013 (2) CPR 389 (NC).  Hence complainant is not a consumer and complaint is not admitted.        

         Sd/-

P.SUDHIR                             : PRESIDENT

         Sd/-

R. SATHI                               : MEMBER

          Sd/-

LIJU B. NAIR                        : MEMBER

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