increase the total sum insured to Rs 85 lakhs. For 2002-03, the insurer
issued a policy covering a sum insured of Rs 25 lakhs ... chart filed by the
insurer:
Year Policy No Policy Period Location Sum Insured
Rs
2005-06 2293 4.8.2005 to (A) 12/1123- 25 lakhs
helicopter with standard
packaging from Langley to Bhopal for a total sum insured of ₹ 20,00,00,000. The
policy was to be governed ... glass)/- This amount is within the policy
deductible of 0.5% of sum insured of Rs 20 Crores. As
such there is no liability attaching
Motor Car against all sums
including claimant's costs and expenses which the
insured shall become legally liable to pay in respect ... addition to the premium paid for the policy, the capital sum insured per
person would only be INR 50,000. Thus, the liability
Insurer computed at Rs.4,93,500/-.
23. The District Forum directed the Insurer to pay to the
Appellant the said sum ... litigation, is in our
view grossly inadequate. The Insurer shall pay a composite
sum of Rs.1,00,000/- to the Appellant towards costs
appellant had got his tractor insured with the
respondent(s) on 19.06.2010. On 28.10.2010, the tractor was
stolen and an FIR was lodged ... directed the respondents to pay a sum of Rs.4,70,000/ being
the declared insured value of the vehicle to the complainant within
Reason:
2
RJ36CA 0111, which was insured with the Insurance Company for a
sum of Rs.5,00,000/- .
3. The said vehicle met with ... Respondent/Insurance Company to pay the Insured
declared value (IDV) i.e. a sum of Rs. 5,00,000/- alongwith interest @
9% per annum from
crossobjection in which they seek raising of the
compensation sum to Rs.2 crore, as
was originally claimed before the Commission ... This sum was funded as part of the refinance
and rehabilitation package.
5. The fixed assets and the prime securities were
to be insured
Under the policy, the
life of the proposer was insured for a sum of Rs. 8.50 lakhs payable on maturity
with the death benefit ... Kulwant Singh died, following which a claim was lodged
on the insurer. The death occurred within a period of one month and seven days
from
from the
motorcycle involved in the accident and the said motorcycle was
insured with the respondentinsurance company, the insurance
company is liable ... learned Tribunal partly allowed the said claim
petition and awarded a total sum of Rs.3,67,000/as compensation
along with the interest
claimed compensation, impleading the owner,
the driver of the vehicle, and the insurer. During the course of proceedings
before the Motor Accident Claims Tribunal ... Motor Vehicles Act, 1988, (hereafter “the Act”) claiming a
sum of ₹ 50 lakhs with interest at the rate of 12% per annum against the first
