K. Vinod Chandran, J.— Impugned in this appeal is the judgment of the learned Single Judge, upholding the award of the Permanent Lok Adalat for Public Utility Services. The dispute was with respect to the value payable on the surrender of an Insurance Policy taken by the appellant from the respondent-Corporation.

2. Exhibit PI policy of insurance, in which the appellant was the proposer whose life was assured, was for a period of 25 years payable as on the stipulated date of maturity, i.e., 10.7.2026, or on the death of the proposer at any earlier point of time. As per the terms of the policy, the premium was to be paid for a period of 12 years and it contains special provisions by which a Guaranteed Addition of Rs.75/-per thousand of sum assured was to be added to the policy at the end of each policy anniversary and payable when the sum assured becomes payable. The total sum assured was Rs.10,00,000/-, along with the Guaranteed Additions specified above.

3. There is no dispute that the appellant paid the premium from 10.7.2001 to September, 2005, totalling a sum of Rs.3,54, 167/- and the Guaranteed Addition for the said period came to Rs.3,18,7501-. The appellant was unabl