Insurance Companies Wilfully Neglect Reimbursing The Insured, Who Then Have To Pay The Courts To Get Their Rights Enforced: Madras High Court
The Madras High Court, in a recent judgment dated 29.04.2024, addressed W.P.No.26233 of 2022, where N. Lakshmi, the petitioner, contested the repudiation of her insurance claim by the ICICI Lombard General Insurance Company Ltd. The claim was based on the sudden demise of her husband, who had obtained loans from DCB Bank Ltd. and insured his life for Rs. 71,00,000/- under loan Nos. DRBLCHE00465053 and DRSBCHE005075333. Case Details: 1. Background:…
