Chandigarh: LIC's appeal junked, told to pay rRs.r2-lakh mishap death cover
Chandigarh, Sept. 5 -- Dismissing an appeal filed by the Life Insurance Corporation of India (LIC), the State Consumer Disputes Redressal Commission, Chandigarh, has upheld an order of the District Consumer Disputes Redressal Commission, directing the insurer to pay an additional Rs.1.87 lakh to the heirs of a minor policyholder who died after suffering an electric shock from an exposed street-light wire.
The commission also upheld the direction to pay 9% annual interest on the amount from February 7, 2023, until its realisation, besides Rs.20,000 towards compensation and litigation expenses.
The policyholder, Mandeep Singh, who was a minor when the LIC policy was taken, died on October 12, 2020. As there was no nomination under the pol...
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