Dr. S.M. Kantikar, Member —The relevant facts in this revision are:

Mr. Simant Dattatraya Sukale, (since deceased), the husband of Smt Rajashree, the Complainant No. 1, availed loan from ICICI Home Finance Company Ltd., He obtained two insurance policies from the OP/Petitioner herein, i.e., the ICICI Prudential Life Insurance Co. Ltd., for a loan amount as well as for securing his own life. Unfortunately, on 23.05.2009 i.e. during currency of policies, Mr. Simant expired. The OP honored the claim under the policy for securing home loan, but after considerable delay and paid a sum of Rs.4,57,888/- only to the Finance Company, but not paid the interest for delayed payment. With regard to another Life policy, for a sum assured of Rs.5,00,000/-, the OP refused to pay. Hence, aggrieved thereby the Complainants approached the District Forum, Pune through Consumer Complaint No 188/2010.

2. The District Forum partly allowed the complaint and held the OP liable for unfair trade practice and ordered to pay Rs.25,000/- as compensation, and to refund the premium amount of Rs.4,121/-, with interest @ 15% per annum, from 17.12.2009 and Rs.10,000/- as litigation expenses, to the complain