A.K.SAMANTARAY, SUBASH MAHTAB
LIFE INSURANCE CORPORATION OF INDIA – Appellant
Versus
BHARATI SWAIN – Respondent
ORDER
1. The Senior Divisional Manager, Life Insurance Corporation of India, Cuttack Divisional Office and Branch Manager, Life Insurance Corporation of India, Paradeep Branch are the appellants and they challenge the order of the District Forum, Jagatsinghpur passed in C.D. Case No. 295 of 1997 on 24.4.1998 allowing the complaint of the complainant Bharati Swain, widow of late Chakradhar Swain and directing the appellants, who were opposite parties before the District Forum, to pay compensation of Rs. 10,000, cost of Rs. 500 and assured policy value of Rs. 70,000 with 18% interest per annum from 13.3.1995 till final payment of the same to the complainant / respondent.
2. The brief fact giving rise to the complaint before the District Forum is stated as under:
The complainant is the widow of policy holder of policy No. BOC.637842 claimed before the opposite parties/appellants for assured sum of Rs. 70,000 after death of the policy holder her husband-Chakradhar Swain. Said Chakradhar Swain while was working under the contractor of Paradeep Port Trust took insurance policy for Rs. 70,000 with a contract payment of Rs. 1,225 and it was stipulated that there would be quarterly payment of
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.