Mr. Justice T. Jayarama Chouta, President—The complainants who are wife and minor children of one M.N. Hanumantharaju have filed this complaint before this Commission to issue a direction to release the entire amount on the policy bearing No. 361040176 insured by the deceased M.N. Hanumantharaju with the applicable bonus, accidental and all other benefits amounting to Rs. 6,60,000/- with interest @ 18% p.a. on the said amount from 29.9.1997 till payment and also for a direction to the opposite parties to pay a sum of Rs. 50,000/- towards deficiency in service, Rs. 25,000/- towards unfair and restrictive trade practices and Rs. 25,000/- towards negligence.

2. The allegations made in the complaint are that one M.N. Hanumantharaju was an agent bearing No. 2455602 under LIC of India and he had also taken a policy on his life under Bheema Kiran in Policy No. 361040176 dated 28.8.1994 for a period of 30 years on a monthly premium of Rs. 292/-. The said monthly premiums were to be deducted regularly from out of the commission payable to the said M.N. Hanumantharaju and the same were deducted from October, 1994 regularly.

3. The said M.N. Hanumantharaju’s agency came to be terminated w.