SC Says Insurance Companies Should Not Be Too Technical While Settling Claims

A bench of Justices MR Shah and BV Nagarathna located that the insurance companies are refusing claims in lots of cases on “flimsy grounds”.

The apex court noted that the insurance claim was not settled mainly on the ground that the appellant had not produced either the original certificate of registration as well as the identical certified copy of the certificate of registration issued by the RTO.

The appellant was asked to supply documents that were beyond his control to procure and furnish, it said, adding that once there was valid insurance and the truck was stolen, the insurance company ought by no means to have come to be too technical and refuse to settle the claim on non-submission of the duplicate certified copy of the certificate of registration, which the appellant could not produce because of the circumstances beyond his control.

Source-

https://theprint.in/india/insurance-companies-should-not-be-too-technical-while-settling-claims-says-sc/965699/#:~:text=Supreme%20Court%20of%20India.,to%20circumstances%20beyond%20his%20control.

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