CHANDIGARH: For not complying with its earlier orders, UT consumer forum awarded two-year imprisonment to the manager of SBI Life Insurance Company Limited, Chandigarh.
Complainant Ajay Wadhwa, a resident of Mohali, alleged that his brother Amit Wadhwa had taken aneducation loan of Rs 3,95,000 from State Bank of India, Mohali branch, and also an insurance cover of Rs 4,00,000 from SBI Life Insurance Company Limited and that he was the nominee in the policy.
But the insurance company had not sent the policy document either to the bank or to the complainant. The complainant's brother went for his education to Australia on July 2004 and after completing his post-graduation course, he joined a job on April 2007. But in the same month, he met with an accident in Australia and succumbed to injuries.
Amit and his father had paid the entire loan amount, but the security documents, including original insurance policy, were neither returned nor reported to be lost. Thereafter, a claim of Rs 8 lakh was lodged on May 2007 by the complainant with the insurance company, but it was denied on the ground that the policy had lapsed. Earlier, the forum had directed the respondents to pay jointly and severally Rs 4 lakh along with Rs 4 lakh as double accident benefit and further Rs 2 lakhs as compensation for harassment. Apart from this, Rs 10,000 was to be paid as cost of litigation.
For not complying with earlier orders, UT consumer forum awarded two-year sentence to the manager of SBI Life Insurance Company Limited and slapped a fine of Rs 10,000. In case the penalty is not paid,
the manager would suffer further imprisonment for six months, the forum ruled. The forum directed that non-bailable warrants be issued against the manager.
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