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Q. Mis-use of Sec.39 Sec 39 of the Insurance Act, 1938

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R RAGHAVA IYENGAR

posted 1 year ago

Q.Mis-use of Sec.39 Sec 39 of the Insurance Act, 1938
An Insurance Company unauthorizedly and illegally made a deduction of Rs.7,000/--{the amount (s)paid to the Policy Holder after her death for 4 months} ---from the total maturity amount legally due as Nominee ; under the garb of Sec 39 of the Insurance Act, 1938

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Ambrose Leo

Experience: 9 Year(s)

Responded 1 year ago

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A. ) You have to lodge your claim against the deduction & also involve insurance Regulatory Authority for direction to refund the illegal deduction, You have various options for quick recovery.

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Mohd Imran

Experience: 4 Year(s)

Responded 1 year ago

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A. ) Issue a legal notice to the insurance company citing all fact amd circumstances and thereafter file a consumer complaint

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Rajeev RJ

Experience: 17 Year(s)

Responded 1 year ago

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A. ) Issue a legal notice to the insurance company.

Regards

Rajeev
RJ Associates

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Johnson Thangiah

Experience: 18 Year(s)

Responded 1 year ago

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A. ) sir,
First lodge a complaint before the insurance ombudsman authorities and get remedy from it.

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