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B.N.P.SINGH, SURESH CHANDRA
LIC OF INDIA – Appellant
Versus
SHOBHA RANI SHAH – Respondent


Advocates Appeared:
Mr. Nikhil Jain, Advocate, for the Appellant; Mr. Ram N. Sharma, Advocate, In person., for the Respondent

ORDER

B.N.P. Singh, Presiding Member - Delay of six days in preferring revision petition beyond the statutory period of limitation, in view of the submissions made, is condoned.

2. Shorn of details, factual matrix are that deceased Uma Charan Shah, husband of respondent No. 1/complainant secured insurance policy with Ordinary Monthly Mode of payment of premium for sum assured of Rs. 1,00,000 through respondent No. 2, the agent. In terms of ordinary monthly mode policy, Insurance Company, on receipt of third premium on 8.12.2000 issued policy in question with commencement of risk w.e.f. 1.12.2000. Premium used to be collected from insured by opposite party No. 2 for which requisite receipts were issued. Allegedly, premium of Rs. 593 was paid to the agent for the month of August, 2001 and insured continued to make payment of monthly premium to respondent No. 2 till September 2001. As ill-luck would have it, after insured died on 22.9.2001, the claim preferred by respondent No. 1 was repudiated by Insurance Company holding that for non-payment of premium due on 1st August, 2001, even during the grace period, policy had lapsed on 1.8.2001 itself. Aggrieved with repudiation of claim, cons

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