Aizawl: Mizoram State Consumer Disputes Redressal Commission has directed the National Insurance Company Limited (NICL) to pay Rs 5 lakh in compensation to a policyholder for failing to fulfil its contractual obligations.
According to a release issued by the commission, Z D Lalremthanga of Vaivakawn in Aizawl purchased a Standard Fire & Special Peril Insurance Policy worth Rs 1 crore on Sept 9, 2019, paying a premium of Rs 32,450. However, on April 24, 2020, NICL unilaterally cancelled the policy without Lalremthanga’s consent and requested his bank account details to refund the premium — a request he declined.
Subsequently, Lalremthanga’s building was destroyed in a massive landslide. When he filed a compensation claim on March 5, 2021, NICL denied the claim, leading him to file a case before the state consumer commission.
Although the commission did not grant the full compensation sought by Lalremthanga, it found NICL deficient in service and ordered the company to pay Rs 5 lakh to Lalremthanga within 60 days.
Based at Aizawl, Mizoram he is known for his sharp, on-the-ground...
Read MoreBased at Aizawl, Mizoram he is known for his sharp, on-the-ground reporting as a regional “stinger.” He covers breaking news, ethnic affairs, and border issues from Mizoram, providing real-time updates and local insights for the national daily’s northeast bureau.
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