Branch Manager, L. I. C. of India – Appellant
Versus
Consumer Education Centre – Respondent
A. Venkatarami Reddy, President - This is an appeal preferred by Life Insurance Corporation of India, the opposite party in C.D. No. 1310/92 against the order of the District Forum, Hyderabad directing payment of(i) interest at 12% per annum on the first premium of Rs. 26,065.00 of the first policy from the date of its payment till 22.9.1992)i) interest at 12% per annum on Rs. 18,246.00 from the date of payment of the second premium of the first policy till 22.9.1992, iii) interest at 12% p.a. on Rs. 11501/- from the date of payment of the premium of the second policy till 22.9.1992; iv) Rs. 7819/- with interest at 12% p.a. thereon from the date of payment of the second premium of the first policy till the date of realisation, v) Rs. 2875/- with interest at 12% p.a. thereon from the date of payment of the premium of the second policy till the date of realization and vi) cost of Rs. 1000/- to the second complainant.
2: First complainant is Consumer Education Centre which espoused the cause of the complaint
3. The Life Insurance Corporation of India, Hyderabad division issued a brochure which reads as follows:-
“Jeevan Dhara,
Now
LIC's Jeevan-Dhara
gets 80 CCA Benefit
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