Informative

Delay In Settling Insurance Claim: NCDRC Holds Oriental Insurance Liable For Deficiency In Service

Update / Judgement Date

03 Jan 2025

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

Consumer Protection ActInsurance

The National Consumer Disputes Redressal Commission (NCDRC) ruled that Oriental Insurance was liable for a deficiency in service due to delays in settling an insurance claim. The policyholder faced significant delays in receiving compensation, and the commission ordered the insurer to pay compensation for the delay and inconvenience caused. This decision emphasizes the importance of timely claims settlement by insurance companies.

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Delay In Settling Insurance Claim: NCDRC Holds Oriental Insurance Liable For Deficiency In Service

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