The Consumer Commission has vocally opposed and denied a request for a reimbursement of funds following the expiration of the insurance policy. In its ruling, the Commission saw the petition as an attempt to get undue advantages.
Additionally, the complainant has received a warning not to act in this manner again. The Chairman of the District Consumer Disputes Redressal Commission, Sanjeev Jindal, issued this directive.
In his petition to the Commission, Gandhi Nagar resident Sunder Lal claimed that Virendra and Ramesh Kumar Pal had contacted him under the guise of being SBI Life Insurance Company workers. They advised him to get an insurance coverage because he was a retired soldier.
On June 20, 2012, he presented a check for Rs. 50,000. On March 30, 2014, he then gave a second check. According to him, the staff did not get in touch with him once more to request payment for the policy. They informed him that they did not wish to buy the policy when he visited the branch. Thus, it is appropriate to repay his money.
The Commission claimed that he had contributed to SBI’s Shubh Nivesh policy based on documents. He was expected to pay the ā¹50,000 he deposited on June 20, 2012, in June 2013, but he failed to do so. Then, in June 2014, he made the payment.
He did not pay the interest that the corporation had warned he would have to pay for the late payment. As a result, his policy ended. All the facts were known to the complainant.
