DCDRC Budgam orders Insurance Company to Pay Rs 3.88 lacs to Consumer

BUDGAM, DECEMBER 28: Consumer Commission Budgam has ordered the Insurance Company to Pay Rs. 3,88,431 along with 9% interest from 11-10-2012 (i.e. three Months from the date of receipt of the survey Assessment report) till final payment and also Rs. 10,000 as costs of litigation to Consumer.

In a significant order on 27-12-2023, the District Consumer Disputes Redressal Commission (DCDRC) Budgam headed by Noor-ul Amin Bhat (President) and Rukhsana Farooq (Member) while disposing of a consumer complaint, ordered Bajaj Allianz General Insurance Company Ltd. to pay an amount of Rs. 3,88,431 along with 9% interest per Annum from 11-10-2012 (i.e. three months from the date of receipt of the survey assessment Report) till final payment and also Rs. 10,000/= as costs of litigation to the complainant Syed Yunus Pervaiz resident of Kaitch Razgeer Budgam Prop. M/S Sahil Communication.

Complainant’s insurance Claim against his insured stocks had been repudiated by the insurance company much before Receipt of survey-assessment report. Whole award Amount has been ordered to be paid within six Weeks.