K.S. Chaudhari, Presiding Member—This revision petition has been filed by the petitioner against the order dated 1.4.2008 passed by the Maharashtra State Consumer Disputes Redressal Commission, Mumbai (in short, ‘the State Commission’) in Appeal No. 49 of 2008 – The Chairman, LIC of India v. Narendra Vishvanath Vyas by which, while allowing appeal, order of District Forum allowing complaint was set aside.

2. Brief facts of the case are that complainant/petitioner obtained Jeevan Dhara Policy on 23.10.1990 from OP/respondent for Give amount of Rs.1,19,660/- with a deferment period of 15 years. It was further alleged that benefits of the policy included (i) an annuity payment of Rs.3,506.50 (ii) Bonus in two stages “firstly, at the end of deferment period as addition to the Give proportionately increasing the annuity; and secondly, as addition to the Give payable on death. These bonuses will be at the rates declared by the Corporation at the valuation immediately preceding the relevant date and will be subject to such condition or restrictions as specified in such declaration,” and (iii) an additional increase in the GIVE amount on the vesting date by Rs.3,590/- subject to the po