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United India to settle claim

United India Insurance Company will have to settle the claim in full for Roshan Lal Oil Mills Limited based in Punjab.

Apnainsurance.com Research Bureau

31 May 2008

United India Insurance Company will have to settle the claim in full for Roshan Lal Oil Mills Limited based in Punjab.

National Consumer Redressal Commission has asked United India Insurance Company to pay Rs. 56 lakhs as compensation and Rs. 1.5 lakh as cost to the edible oil company which had caught fire 18 years ago.

The commission also directed the concerned insurance company to pay 18 per cent interest per annum for denial of claim.



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