Home / Opinion / Columns / Definition of consumer includes beneficiary

Definition of consumer includes beneficiary

The National Commission observed that the nominee is the rightful claimant under a policy, hence there was no merit in the objection that she couldn't file a complaint

Premium

Photo: Shutterstock

Jehangir B Gai

3 min read Last Updated : Aug 20 2023 | 10:09 PM IST

Listen to This Article

Vijay Kumar Babulal Verma was an employee of the Oriental Bank of Commerce. He bought a life insurance policy from Reliance Life Insurance, which had a coverage of Rs 1 crore, 10 times the annualised premium, or 105 per cent of the premium paid by the date of death. Verma had to undergo a medical fitness examination before the policy was issued.

Verma met with a road accident on October 27, 2015, while riding a two-wheeler. He sustained severe head injuries and was found unconscious on the road. He was initially taken to Government Hospital Karnal and later transferred to

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in