Saturday, August 27, 2011

United India Insurance to refund policy premium

Kapish Kapodkar had filed a complaint claiming deficiency in service by United India Insurance Ltd. The medical insurance premium amount was Rs. 11,712 and had been paid on 8th December 2007.

After a long drawn out battle the North Goa Consumer Disputes Redressal Forum ruled against United India Insurance Co Ltd. The Insurance Company will now be paying back the premium amount paid by Mr. Kapish. Also the Forum has ordered the Insurance provider to pay back the amount along with interest from the day the amount was to be refunded. The interest rate is a very tempting 12%. Along with the premium amount and interest rate, a compensation of Rs. 10,000 will be paid as well.

The Consumer Disputes Redressal Forums have been set up all around the country. And it has been seen with increasing players in the market the number of disputes have been increasing.

You can call us up on our toll free number, in case of such problems. We can offer you expert advice and also renewal as well as new insurance policy options. Call us up on 1800-103-922 or visit us at InsuringIndia, our website.

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