Can't reduce assured sum after charging higher premium: Forum

The New Delhi District Consumer Disputes Redressal Forum gave its order on a complaint against the Oriental Insurance Co Ltd by a Delhi resident for offering him Rs 1.6 lakh on theft of his car which was insured for Rs 1.8 lakh.

The bench presided by C K Chaturvedi asked the insurance firm to pay Rs 2.15 lakh to its policy holder for offering him a reduced amount, after charging premium for a higher value from him.

"After theft and issue of policy, the IDV (Insured