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HDFC Life Fined Rs 5 Lakh for Claim Delays by vaibhav11888 is a document available to read on EtoBox.

What is HDFC Life Fined Rs 5 Lakh for Claim Delays about?

The document describes a case study involving a complaint against HDFC Life insurance company. A woman named Kunti Devi filed a complaint in 2009 regarding non-receipt of death benefits. HDFC Life repudiated the claim in 2010, citing non-disclosure of material facts, though it took over a year to make a decision. An investigation found HDFC Life took too long to decide several other death claims as well, with some pending over a year. As a result, IRDA imposed a penalty of Rs. 5 lakh on HDFC Life for viola

Author

vaibhav11888

Language

EN