Case Law Analysis
Signed Consent Form Validates Insurance Deduction Despite Non-Delivery of Policy | Consumer Protection Act, 2019 : Chandigarh SCDC
The Chandigarh State Consumer Commission ruled that a borrower’s signed consent form for an insurance policy tied to a home loan constitutes valid agreement, even without proof of policy document delivery. This sets a critical precedent for financial institutions linking insurance to loans, shifting the burden of proof to consumers claiming non-consent after signing.