Case Law Analysis
|Uttarakhand High Court
PMSBY Premium Deduction Failure | Bank Liable for Insurance Lapse Despite Sufficient Balance : Uttarakhand SCDRC
Uttarakhand State Consumer Disputes Redressal Commission holds banks strictly liable for failing to auto-debit PMSBY premiums, even with adequate account balance. The ruling establishes a duty of care in automated welfare schemes, entitling policyholders to insurance payouts for bank negligence.