V.K.JAIN
Oriental Insurance Co. Ltd. – Appellant
Versus
M. M. Sharma – Respondent
V.K. Jain, Presiding Member—In a Consumer Complaint filed by the respondent/complainant, the District Forum, vide its order dated 20.03.2014, directed as under:—
1. To restore the cumulative bonus of Rs.50,000/- each to the complainant and his wife which was earned and accumulative over the years.
2. To reduce and restore the original insured value of the mediclaim policy to Rs.1,00,000/- which was arbitrarily enhanced to Rs.1,50,000/- each for the complainant and his wife and refund the excess premium of Rs.19,038/- with interest 12% up till payment.
3. To pay compensation of Rs.50,000/- towards harassment inclusive of litigation expenses.
2. After the aforesaid order of the District Forum, the complainant/respondent executed a consent dated 11.09.2014 which reads as under:—
Execution Case No.153/14 in Complaint No.CC/619/10
MM Sharma The Oriental Insurance Company Ltd.
Consent of Complainant
As per discussions held with Mrs. Beena dhawna Divisional Manager, Oriental Insurance Co. Ltd., I agree to receive payment of Rs.79,440/- (Rupees Seventy Nine Thousand Four Hundred and Forty) in full and final settlement of the amount awarded as per order dt. 20/3/2014 of the dis
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