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Business
ICICI Lombard Rejects Rs 50‑Lakh Accidental Death Claim, Court Says Insurers Can't Add
✍️ The Economic Times
🗓 27 Jul 2026, 07:08 AM
👁 43
ICICI Lombard declined a Rs 50 lakh accidental death insurance claim, with a consumer court ruling that insurers cannot add additional terms.
ICICI Lombard has rejected a claim of Rs 50 lakh filed under its accidental death insurance policy. The claim was submitted following the unfortunate demise of the policyholder in an accident.
A consumer court has clarified that insurers are not permitted to impose additional clauses that could undermine the coverage promised in the original policy. The ruling emphasizes the need for transparency and fairness in insurance contracts.
The decision underscores the growing scrutiny of insurance practices in India and may prompt other insurers to review their claim handling procedures to ensure compliance with consumer protection laws.
A consumer court has clarified that insurers are not permitted to impose additional clauses that could undermine the coverage promised in the original policy. The ruling emphasizes the need for transparency and fairness in insurance contracts.
The decision underscores the growing scrutiny of insurance practices in India and may prompt other insurers to review their claim handling procedures to ensure compliance with consumer protection laws.