Death Claim - Gbic.co.in

sniped at Utmost Good Faith that forms the cornerstone of insurance contract. As such,repudiation was upheld with no relief to the Complainant.Ahmedabad Ombudsman CentreCase No. : 21-002-0228Mr. M B SurekaVsSBI Life Insurance Co. Ltd.Award Dated: 12-3-2007Repudiation of Claim under Life Insurance Policy: Claim was repudiated since theInsured had died within 45 days from the date of Commencement of Risk. TheComplainant submitted that the Forms etc. were submitted approximately two monthsbefore the date of Commencement of Risk. However, the Certificate of Insuranceissued to the Insured clarifies that the date of commencement of risk is the day onwhich the Premium is debited. It was observed that the Assured died 40 days after therisk commencement date. As such, the decision to repudiate the Claim was upheld.Ahmedabad Ombudsman CentreCase No. : 21-001-0303Sri. R G ChamarVsLife Insurance Corporation of IndiaAward Dated : 12-3-2007Repudiation of Claim under Life Insurance Policy: While filling up the Proposal forInsurance, the Assured had by giving a Self Declaration of Age stated that his age atentry is 39 years. The Assured died within 13 months from the date of proposal. Onenquiry, it was found that the DLA’s Son was aged 28 years as per the age recorded inthe School Certificate. Again the DLA’s wife’s age as recorded in the Identity Card ofElection Commissioner of India comes to 56 years. The mis-statement of age beingestablished to have been material, the decision of the Respondent to repudiate theClaim was upheld.Bhopal Ombudsman CentreCase No.: LI-1025-21/09-07/INDSmt. Basanti Bai GuptaVsLife Insurance Corporation of IndiaAward Dated : 17.11.2006Smt. Basanti Bai Gupta, resident of Indore (M.P.) (hereinafter called Complainant) isthe wife of late Shri Jagdish Chandra Gupta, Deceased Life Assured (in short DLA).The DLA took a life insurance policy numbered 344289934 from LIC of India, DO:Indore, BO-5, Indore (hereinafter called Respondent) on 28.12.2004 for Sum Assuredof 1,00,000/- under Table/Term: 149-20. The DLA died on 12-09-2005 due to heartattack. The complainant has complained that she had preferred death claim with theRespondent but the same was repudiated on the grounds of understatement of age byDLA at the time of taking the policy in question. The claimant preferred a complaint tothis Office.