National Commission upheld decision of insurer since insured wrongly claimed no claim bonus

Last updated: 15 March 2023

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The National Commission has upheld an insurer's decision to repudiate a vehicle accident claim. The insured had wrongly claimed a No Claim Bonus (NCB) by declaring that no claim had been made in the previous policy year, when in fact a claim of Rs. 3471/- had been made. The Commission found the NCB declaration to be untruthful and that rectifying the premium shortfall only made the policy valid prospectively, not retrospectively condoning the initial misrepresentation.

Court :
NATIONAL CONSUMER DISPUTE RESOLUTION COMMISSION

Brief :
The State Commission has correctly appraised the case, no jurisdictional error, or legal principle ignored, or miscarriage of justice, is visible. Its Order of 25.08.2014 calls for no interference.

Citation :
ASHOK KUMAR VS NATIONAL INSURANCE CO. LTD

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1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

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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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