
The Sant Kabir Nagar District Consumer Court directed HDFC Life Insurance Company to pay ₹27.5 lakh as the insurance claim, along with 10% interest from January 4, 2024 (the date of death) until full payment, in a case related to loan insurance for a Fortuner vehicle.
The Court also ordered the company to pay an additional ₹2 lakh as compensation and ₹10,000 towards litigation expenses.
In this case the complainant Alim Khan and Azim Khan filed a complaint against HDFC Life Insurance Company, which had purchased a Fortuner car from Lucknow showroom for the price Rs 35 lakh 9 thousand.
He had taken out loan protection insurance for ₹275,000 when financing the vehicle. He regularly paid the premium of ₹68,113. His mother died on January 4, 2024. The insurance company, citing various illnesses, refused to pay the insurance amount. Frustrated, he was forced to file a case in Sant Kabir Nagar District Consumer Court.
After reviewing the documents and evidence filed on the case and hearing arguments from both sides, the court ruled against the insurance company, ordering the payment of the loan protection insurance amount of ₹275,000, along with 10% interest from the date of death, January 4, 2024, to the date of actual payment, within 60 days. Additionally, an additional ₹200,000 must be paid as compensation and ₹10,000 as litigation expenses.
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