life insurance policy by the insured to the
general agent of the life insurance Corporation of India
[for short `LIC ... insurance agent acting on behalf of the insurers or to an
insurance agent acting on behalf of the insurers and if the
agent has authority
insurer, was a crucial omission.
30. During the hearings, it was urged on behalf of the insurer that the agent
would have ordinarily informed ... upon agents, and the likely vicarious responsibility or
liability of the insurer.
32. In Delhi Electric Supply Undertaking v. Basanti Devi20 the insurer,
Life Insurance
come in evidence that the deceased
was the LIC agent. PW2 wanted to take a loan from the LIC for
construction
LIC under an agreement between LIC
and DESU. For the employee of DESU, therefore,
DESU had implied authority as an agent ... aware of the fact that DESU
was not acting as an agent of LIC. Rather in the
nature of the Scheme, the employee
complainant had established that he was working as a LIC
Agent, that his father was owning extensive agricultural
properties and that
money.
According to the prosecution while A-2 was a LIC agent, A-3 was employed in
a private institution
hand, the National Commission held that the
Insurance Agent was not acting as agent of LIC in receiving the
bearer cheque from ... premium in respect of a
life insurance policy by the insured to the general agent of the
LIC can be regarded as payment
that the appellant was a cashier with Life
Insurance Corporation of India (hereinafter referred to as "LIC") and
posted at Bilaspur ... appellant. It appears that
when the LIC agent did not get his commission out of the premium deposited,
and made enquiries in this
during the year 1970-71, the appellant was working as an agent of LIC under D.N. Singh. Accused D.N. Singh introduced ... LIC by misusing their official capacity and induced the LIC to issue the two policies on the life
complainant in Case No.
2602/1093/2014 that the LIC Agents and professionals told him at
the time of selling the policy that ... pension @ Rs.2000/- per month for every one lakh of insured
amount is concerned, LIC is advised to investigate the matter and
intimate
