What to do if insurer pays less than invested amount?
Is it a case of receiving less amount than paid for a non-unit linked insurance policy? Can I approach the court to sue the insurer? Please advise.
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Advocate By LEAD INDIA
Answered: 13 May 2025
If you have received less than what you paid for a non-unit linked insurance policy, review the policy terms for maturity or surrender clauses. If there's no valid justification, file a complaint with the Insurance Ombudsman or IRDAI. If unresolved, you can file a consumer complaint in the District Consumer Forum for deficiency in service and unfair trade practice. For further legal assistance contact us on our helpline number.
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