P.N.KASHALKAR, S.P.LALE
LIC of India – Appellant
Versus
Gajanan Raghunath Joshi – Respondent
P.N. Kashalkar, Presiding Member—This appeal directed by L.I.C. branch Dombivali, District Thane against the order passed by District Consumer Forum, Thane, whereby the Forum below has been pleased to direct the opp. party to pay guaranteed maturity addition and final additional bonus under Jeevan Dhahra policy issued to the complainant amounting to Rs. 8,249/- by deducting amounts already paid. It further directed to pay to the complainant yearly annuity amount of Rs. 2,872.70 and compensation of Rs. 10,000/- and cost of Rs. 1,000/-.
2. Facts to extent material may be stated as under:
The opp. party issued a policy known as Jeevn Dhara bearing number 920160808 to the complainant on 24/03/90 under the plan 96-12 with yearly annuity Rs. 2,872.70. Annuity commenced with effect from 01/04/02. Give amount was Rs. 3,43,697.00. Complainant was required to pay yearly installments of Rs. 10,000/-in its office at Dombivali. Under the policy opp. party agreed to pay Rs. 8,249/- towards guaranteed maturity amount to the complainant. Somewhere in Feb-March-2002 complainant received discharge voucher for the payment of guaranteed maturity and other additional bonus under Jeevan Dhar
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.