Topic
The West Bengal State Consumer Commission ruled that failure by a broker to remit sale proceeds constitutes a commercial debt, not a physical loss covered under Jeweller's Block Insurance. This clarifies the boundary between insurance protection and commercial risk, impacting jewelers using third-party online platforms for sales.
The West Bengal State Consumer Commission ruled that an insurer cannot repudiate a claim merely for a policy breach (invalid driving licence) unless it directly caused the loss. The Commission awarded 75% of the insured declared value with 7% interest, setting a precedent for non-standard settlements where breach and loss lack proximate causation.
Rajasthan High Court rules that non-disclosure of a pre-existing illness does not automatically void a life insurance policy unless the illness is the proximate cause of death. The court upheld a partial claim of Rs. 2.5 lakh, emphasizing that insurers must prove a direct causal link between the non-disclosure and the death to deny benefits.