Summary:
While LIC paid Rs 2.75 lakh as covered by Samridhi Plus policy, it rejected the claim under Jeevan Tarang saying Shetty had not disclosed his health condition while filling the form. His family said an LIC agent had filled the form and Shetty had merely signed on it. LIC rejected the contention saying the insurer couldn't claim that he did not know the details of the form. It directed LIC to pay Rs 14.81 lakh with 9% interest from the date of death of the deceased. It also ordered LIC to pay Rs 10,000 as an additional cost..