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Search Results for "LIC agent"

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High Court

Bombay High Court Dismisses Appeal Under Section 37 of Arbitration and Conciliation Act, 1996 — Upholds Arbitral Award Holding Stockbroker Liable for Unauthorized Trades by Agent. Broker Failed to Prove Client Authorization for Disputed Trades, Resulting in Compensation of Rs.14,37,200/- to Client.

21 Apr 2026

The case involves an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, filed by IIFL Capital Services Limited (formerly IIFL Secu...

High Court

Bombay High Court Dismisses Ex-Promoters' Gratuity Claims, Holds Directors in Control Not 'Employees' Under Payment of Gratuity Act. Founders who were in absolute control of company affairs cannot claim gratuity as employees despite drawing salary, as they fall outside the definition of 'employee' under Section 2(e) of the Payment of Gratuity Act, 1972.

20 Aug 2024

The petitioners, Anil Govind Ganu and Ashwini Anil Ganu, were the founders and directors of Innovative Technomics Pvt. Ltd. They claimed gratuity for ...

High Court

High Court of Karnataka Quashes Termination of LIC Agent for Violation of Natural Justice and Non-Supply of Inquiry Report. Disciplinary proceedings set aside as inquiry report not furnished to agent before imposing penalty, violating principles of natural justice under Article 311(2) of Constitution of India.

2 Mar 2023

The petitioner, Sri Sutram Suresh, was enrolled as an agent of the Life Insurance Corporation of India (LIC) in March 1999. He received several awards...

Supreme Court

Supreme Court Allows Appeal in Mediclaim Policy Renewal Dispute — Insurer Must Disclose Material Changes in Coverage at Renewal. Renewal of Insurance Policy is Not a Fresh Contract; Insurer Owed Duty to Inform Insured of Restrictive Terms Under Principle of Utmost Good Faith.

9 Dec 2021

The appellants, Jacob Punnen and his wife, held a Mediclaim policy with United India Insurance Co. Ltd. since 1982, renewed annually. In March 2008, t...

High Court

High Court of Bombay at Goa Upholds Conviction for Murder and Destruction of Evidence in Brutal Killing of Mentally Challenged Victim. Life Imprisonment and Fine Affirmed Based on Circumstantial Evidence Including DNA, Recovery of Weapon, and Motive of Insurance Fraud.

25 Jan 2019

The appellant, Janardhan Kokre, was convicted by the Sessions Judge, South Goa, for the murder of Dilip Sadashiv Naik, a mentally challenged person, u...

High Court

Bombay High Court Dismisses Leave to Appeal in Cheque Dishonour Case — Acquittal Upheld Due to Failure to Prove Debt or Liability. The court held that the complainant failed to establish the existence of a legally enforceable debt or liability as required under Section 138 of the Negotiable Instruments Act, 1881, as the cheque was issued for a policy that was never drawn.

21 Jan 2019

The applicant, Harilal Khurdhan Ram, an LIC agent, filed a criminal application seeking leave to appeal against the judgment and order dated 24th Nove...

Supreme Court

Supreme Court Enhances Compensation for LIC Policyholder Due to Deficiency of Service in Jeevan Aastha Plan. LIC's failure to process proposal and wrongful retention of premium for five years amounts to deficiency of service under the Consumer Protection Act, 1986.

4 Jan 2019

The appellant, Madhav Hari Joshi, submitted a proposal to the Life Insurance Corporation of India (LIC) under its Jeevan Aastha Plan on 31 January 200...

High Court

High Court of Karnataka Enhances Compensation for Death of Government Teacher in Motor Accident — Income Assessed at Rs. 15,000 per Month with 30% Future Prospects. Claimants Awarded Rs. 14,82,000 with Interest at 6% per Annum.

15 Jun 2017

The case arises from a motor accident that occurred on 25.06.2008, resulting in the death of Suresh Hanumanth Naik, a government teacher aged 38 years...

High Court

High Court of Karnataka Enhances Compensation in Motor Accident Claim Case — Deceased Government Teacher's Income Reassessed for Dependency Calculation. Tribunal's erroneous assessment of income at Rs. 4,500/- per month set aside; income taken as Rs. 18,000/- per month based on salary certificate under Motor Vehicles Act, 1988.

15 Jun 2017

The case involves two appeals arising from a motor accident claim petition. The claimants, legal heirs of deceased Suresh Hanumanth Naik, a Government...

High Court

Bombay High Court Dismisses Petition of LIC Agent Challenging Termination and Forfeiture of Renewal Premiums. Suppression of Material Fact Regarding Life Assured's Hospitalization Justifies Termination Under Regulation 16(1) of LIC (Agents) Regulations, 1972.

6 May 2014

The petitioner, Ramrao Manikrao Biradar, was appointed as an agent of the Life Insurance Corporation of India (LIC) on 11 April 1989 with agent code N...

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