Case Law Analysis
|Delhi High Court
Interest on Delayed Insurance Payouts Runs from Maturity Date, Not Disbursement Date : Delhi SCDRC
Delhi State Consumer Disputes Redressal Commission rules that insurers must pay interest on delayed insurance payouts from the policy maturity date, not the date of actual disbursement. The Commission enhanced compensation to Rs. 50,000 and imposed a 45-day compliance deadline, reinforcing consumer protection against service deficiencies in insurance claims.