Monday, 25 June 2018

CONSUMER FORUM ORDERED AEGON RELIGARE INSURANCE COMPANY TO PAY RS 7.4 LAKH TO INSURED PERSON

The Hyderabad District Consumer Forum has ordered Aegon Religare Life Insurance Company Limited to refund a city resident his policy amount and compensation for Rs 2 lakh. The petitioner found that the terms and conditions explained by the company representative and the terms printed on the policy documents were different. He cancelled the policy but not got the total money back. Later he filed case in consumer forum. The forum ordered company to pay Mr Kumar Rs 5 lakh with 18 per cent interest per annum, Rs 2 lakh for the mental agony and hardships caused and Rs 40,000 towards costs.



DECCAN CHRONICLE NEWSPAPER


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