Beneficiaries of policies taken by the insured are also consumers under the Consumer Protection Act, 2019

Last updated: 17 February 2023

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Quick Summary

The Supreme Court has ruled that beneficiaries of insurance policies, even if not the policyholder, are considered 'consumers' under the Consumer Protection Act, 2019. This landmark decision means individuals who benefit from a policy, such as farmers whose crops were insured by a cold store, can claim their rights under the Act. The court clarified that privity of contract is not essential for a beneficiary to be recognised as a consumer.

Court :
Supreme Court of India

Brief :
All appeals are disposed of in the aforesaid terms. No order as to costs. Pending application(s), if any, shall also stand(s) disposed of.

Citation :
CANARA BANK (PETITIONER) VS. UNITED INDIA INSURANCE CO. LTD. (RESPONDENT)

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Judgement posted by

FCS Deepak Pratap Singh

Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)

Dear Friends, MyselfFCSDeepak P. Singh ( B.Sc.. LLB, FCS. FIII, CIAFP, CRMP, ID) , A Fellow Member of ICSI, Law Graduate ,Fellow Member of Insurance Institute of India, Certified Independent Director ,Certified Insurance Anti Fraud Professional , Certified Risk Governance Professional ( ICSI-III) and cleared Limited I ... Read more

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