LIC Fined Rs1 Lakh for Arbitrary Claim Denial
Moneylife Digital Team 01 April 2013

District Forum observes LIC had not ‘applied its mind’ while denying the claim

Life Insurance Corporation of India (LIC) has been directed by the New Delhi District Consumer Disputes Redressal Forum to pay Rs1 lakh to the husband of a policyholder. The District Forum observed that LIC had ‘misdirected itself’ by not showing any evidence that the deceased was suffering from asthma prior to...

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