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SUDIP AHLUWALIA, SADHNA SHANKER
United India Insurance Co. Ltd. – Appellant
Versus
Securitrans India Pvt. Ltd. – Respondent
ORDER
Sudip Ahluwalia, Member.—This Appeal has been filed against the impugned Order dated 04.11.2015 in Consumer Complaint No. 107 of 2011, passed by the State Consumer Disputes Redressal Commission, Delhi, vide which, the Complaint filed by the Respondents was partly allowed with the following directions -
“...We, therefore, direct the insurance company (OP) to pay to the complainant as under:-
Pay an amount of Rs.59,84,700/- (64,84,700 - 5,00,000) alongwith interest @ 6% p.a. from 19.06.2008 till date.
Insurance Company (OP) shall pay the aforesaid amount within a period of ninety days from today failing which the insurance company/OP shall be liable to pay interest @ 12% p.a. on the amount accruing after the expiry of the period of ninety days from today. Complaint is accordingly disposed of.”
2. The factual background, in brief, is that the Complainant No. 1/ Respondent No. 1 is a Private Limited Company engaged in specialized services such as cash sorting, inter/intra-city transportation of cash and valuables, ATM cash replenishment, and bullion vaulting for leading Banks across the country. The Complainant No. 2/ Respondent No. 2, is also a similarly situated Private L
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Insurance claims must adhere strictly to policy conditions regarding prompt notification of incidents; failure to act can lead to claim repudiation.
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Involving the driver in vehicle theft doesn't negate the insurance claim under comprehensive policy.
Insurance Company cannot travel beyond grounds mentioned in repudiation letter.
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