Supreme Court Enhances Compensation for LIC Policyholder Due to Deficiency of Service in Jeevan Aastha Plan. LIC's failure to process proposal and wrongful retention of premium for five years amounts to deficiency of service under the Consumer Protection Act, 1986.
4 Jan 2019The appellant, Madhav Hari Joshi, submitted a proposal to the Life Insurance Corporation of India (LIC) under its Jeevan Aastha Plan on 31 January 200...
