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.
Website: http://www.abhayalegalservices.com/
DECCAN CHRONICLE NEWSPAPER
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