Insurance agent gets compensation for delay in getting claim in Mumbai An insurance company has awarded the insured Rs 8,000 thousand for the financial loss and mental agony he suffered due to the delay in the release of the money by National Insurance Company Ltd. and his medical expenses. The agency and the TPA have withdrawn the claim after 99 days instead of 30 days. The regional sales commission has ordered that the amount be paid within 15 days of the order, otherwise interest will have to be paid. 9 percent interest per year. The order dated November 16, 2022 by RG Wankhade, Chairman and SV Kalal, Member of the Mumbai Suburban District Consumer Disputes Supplementary Dispute Redress Commission in the complaint of Kandivali resident Kailashnath Dubey against National Insurance Company Ltd. and Medicare Services TPA (I) Pvt. Dubey, a national insurance agent, had taken out a health insurance policy from August 28, 2016 to August 27, 2018. During the policy, he had an accident and
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