Compensation received under Group Insurance Scheme
cannot be deducted.
[vi] The obligation under Group Insurance Policy and the statutory
obligation in terms of Motor Vehicles ... MACT on the liability of the
Insurance Company particularly deducting the compensation already
received pursuant to Group Insurance Policy obtained through the
employer is justified
Compensation received under Group Insurance Scheme
cannot be deducted.
[vi] The obligation under Group Insurance Policy and the statutory
obligation in terms of Motor Vehicles ... MACT on the liability of the
Insurance Company particularly deducting the compensation already
received pursuant to Group Insurance Policy obtained through the
employer is justified
further deposed that
he was not paying any insurance premium for the said group insurance
policy. He denied the suggestion that he did not incur ... also deposed
that he was not paying any insurance premium for the said group insurance
policy. During the course of arguments Ld. Counsel for petitioner
taken a group insurance policy with the Universal Fire and General Insurance Co. Ltd. and the Indian Mercantile Insurance Co. Ltd. together called ... policy is annex. E and is described as "personal accident (group) policy". The employer, Dastur & Co., is described in the policy
Group) Policy document. The parties acted on the basis of such
policy. Condition No. 5 of J.P.A. (Group) Policy document permitted
the insurance ... Insurance Policy. The
insurance company issued a certificate of insurance containing some
terms and conditions of the certificate of insurance. Such certificate
13
of insurance
Lakhs received by the
petitioners/claimants under the Group Insurance Policy
pertaining to Accident Claim and sought for reducing the
quantum.
10. Per contra ... regarding deduction of
any premium towards Top-up Insurance Coverage like
Personal Insurance or Group Insurance coverage.
Ex.P18 is completely silent in this
Compensation Act, 1923 Liability of Insurance Company Group insurance of elephants Insurance certificate issued for insurance of elephant for members of All Kerala Elephant Owner ... policy. Such liability is not dependent on whether it is individual policy or group policy. The nomenclature of an insurance policy is not always decisive
nominees for the
LPA 572/2014 Page 2 of 9
Group Insurance Policy dated 19.08.1981. It is further noted that the
Directorate of Provident Fund ... dated 06.09.1996, the impugned order
concludes that the amount from the Group Insurance Policy, provident
fund, earned leave and the family pension shall be payable
facility of group insurance, PF and
gratuity who are working in the company and they took the group
insurance from ICICI Bank and company ... paid a sum of
Rs.25,00,000/- under a group insurance policy and it was credited
to their company account, later on they have
under Group Insurance Scheme. He further admits that they had submitted claim to the appellant Insurance Company claiming the compensation under the Group Insurance Scheme ... claim available under the Insurance Policy. In the present case the claim under the Insurance Policy is to the extent of Rs. 30,000/- provided
