L I C OF INDIA Vs. SNEHALATA NAYAK
ORISSA STATE CONSUMER DISPUTE REDRESSAL COMMISSION
L I C OF INDIA
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(1.) THIS appeal has been filed by the Life Insurance Corporation of India ( L.I.C. for short) challenging the order dated 14.6.2002 of the District Forum, Sundargarh -II, Rourkela, allowing the claim of the complainant -respondent.
(2.) THE case of the complainant is that her husband was an employee in Vedavyas Mahavidyalay, Rourkela, While in service he had taken up the following L.I.C. policies under the Salary Savings Scheme: Sl. No. Policy No. Assured sum Date and year of policy 1. 76439137 Rs. 15,000/ - 28.11.1984 2. 76442018 Rs. 10,000/ - 28.12.1985 3. 590628331 Rs. 1,30,000/ - 20.3.1995 4. 590629065 Rs. 60,000/ - 28.11.1995
(3.) THE husband of the complainant died in harness on 27.3.1999 due to ailment while he was a patient in Ispat General Hospital. The L.I.C. settled two policies by paying the paid -up value, but repudiated the claim in respect of the two other policies on the ground that the policies had lapsed due to non -payment of premiums. The complainant filed the C.D. case claiming payment of the assured values of all the four policies, besides compensation and costs.
The L.I.C. filed their written version. They took the stand that since premiums in respect of two policies had been paid for more than three years, they settled them only on paid up value, but as the premiums in respect of the other two policies were not received and those had lapsed without even acquiring paidup value, they did not issue claim forms.;
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