Saturday, April 12, 2014

Panel orders insurance firm to pay Rs75,600

Mumbai: A private insurance company has been found guilty of not providing proper services and it has been ordered by a consumer panel to compensate the claimant about Rs75,600 on his travel policy.
The Central Mumbai District Consumer Forum has in an order directed ICICI Lombard to pay Mahendra Shedha Rs60,600 towards insurance along with nine per cent interest for the period from December 2011.
An additional Rs10,000 is to be paid for the mental agony caused and Rs5,000 for cost of the litigation.
According to the complaint, Shedha, a former MTNL general manager, purchased a Global Trotter Overseas individual travel policy from ICICI Lombard valid from October 4, 2009 to October 10, 2009, for an official trip to Geneva.
12/04/14 Pranali Lotlikar/Daily News & Analysis
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