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Complaint No.11-002-0596
Sri Jagannath Das
Vrs
New India Assurance Co. Ltd., Cuttack D.O-II
The Complainant had insured his building, machinery and stock through a Fire Policy with New India Assurance Co. Ltd. There was heavy rain and a storm in which the building, machinery and stocks were affected.
Complainant had lodged a claim on the insurer. The insurance company settled the claim for Rs 23,479/-, which was not accepted by the complainant as he claimed his loss for Rs 90,000/-.
The Hon’ble Ombudsman heard the case on 14th Sep 2009 where both parties were present. After hearing both parties and perusing the documents Hon’ble Ombudsman observed that the damage of stocks as assessed by the surveyor was proper and directed the insurance company to pay Rs 23,480/-if not paid yet.
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