The present Revision Petition is filed by the Petitioner under Section 21(b) of the Consumer Protection Act, 1986, against the Order passed by the State Consumer Disputes Redressal Commission, Punjab (hereinafter referred to as the “State Commission”) in First Appeal No. 692/2013 dated 08.07.2016.

Brief facts of the Case are as follows:-

2. Petitioner’s father filled the proposal form and took an insurance policy in the name of his daughter, Ketki Arora, the present Petitioner, as life assured. According to the Petitioner, on the advice of the representative of the Respondents, plan KSAP was taken by her father who paid Rs.6 lakhs, vide cheque dated 07.05.2008 drawn on Axis Bank, Ludhiana. The Policy document issued on 27.05.2008 was, however, received on 22.07.2008. Not being satisfied with the Policy, Petitioner’s father requested the Respondents for cancellation of the Policy and refund of Rs. 6 lakhs. The Respondents, however, refused the same on the ground that the prescribed time for seeking cancellation of the Policy had expired and was advised to wait for three years lock-in-period for refund of the deposited amount. Subsequently the Respondents issued letter dated 02.06