Dishonor of cheque inspite of sufficient fund amounts to deficiency in service
.bmp)
Dishonor of cheque inspite of sufficient fund amounts to deficiency in service. No insurer shall assume any risk in respect of insurance business until and unless the premium is received by the insurer. In a Case No. 14/07 of Joginder Singh Vs. Vijaya Bank and ICICI Lombard General Insurance Co. Ltd ., Consumer Disputes Redressal Forum-II, Delhi directed Vijaya Bank to pay to the complainant a sum of Rs.54,288/- which was p aid by the complainant for the repair of his vehicle due to damage in an accident for the deficiency of service on the part of the Bank. Besides Bank shall also pay a sum of Rs.20, 000/- as compensation for causing him mental pain and agony. Complainant insured his vehicle with the ICICI Lombard on making a premium amount of Rs.26, 346/-. After complainant’s said vehicle met with an accident, a claim was lodged with Insurance Company for Rs.54, 288/- which was repudiated. Complainant came to know that the insurance company could not m...