More than a year after Life Insurance Corporation’s (LIC) Raichur Division refused a claim by a widow, the Raichur District Consumer Disputes Redressal Commission has directed it to pay ₹4.75 lakh with 6% interest to her.
The Redressal Commission has also directed LIC to pay ₹10,000 penalty for deliberately delaying settling the claim and ₹5,000 as litigation cost.
After Badeppa’s death on November 14, 2022, his wife, Sridevi, came to know that her husband had bought a life insurance policy from LIC Raichur. She then filed a claim with the company, but the LIC officials refused to honour her claim.
