Insurance policy becomes effective as soon as payment is made says consumer court

Dismissing submission of Tata AIG that the policy became effective from next day, the Forum ruled that policy becomes effective from the time the payment is made

Thane: The insurance policy comes into effect as soon as the first premium or instalment is paid, Thane District Consumer Forum has ruled, allowing the claim of a person whose vehicle met with accident within hours of taking out the policy, reports PTI.

The bench of Forum President RB Somani and Member Jyoti Iyer held that Darshan G Deore, the complainant, was entitled to get Rs3.35 lakh from Tata AIG General Insurance Company, after deduction of depreciation amount.

It also ordered payment of Rs10,000 towards mental suffering and Rs1,450 towards legal expenses.

Deore had taken out the vehicle policy on 25 October 2008 at 20.34 hours, paying first premium on the spot. But his car had an accident immediately thereafter.

The company rejected his insurance claim, saying that policy was effective from 26 October 2008.

But dismissing the submission of the insurance company, the Forum ruled that policy becomes effective from the time the payment is made.

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Aamir Khan likely to come out with Satyamev Jayate II next year

Before the makers intend to go ahead with Season two of 'Satyamev Jayate' they would carry out ground activity by taking people's reactions about the show and gauge its impact in the society

Mumbai: Basking in the glory of his debut television show 'Satyamev Jayate', Bollywood actor Aamir Khan is keen its second season by next year, reports PTI.

Aamir made his debut on small screen with the social issue-based show where he is seen highlighting several things like female foeticide, dowry, inter-caste marriage and others.

"On an emotional level, I would want Season 2 of the show. Hopefully, by next year we should come up with next season," Aamir told reporters in Mumbai.

"I remember few people telling me that this show is a social (one) and it will not work. But seeing the impact it has had....it has proved cynics wrong," he said.

Before the makers intend to go ahead with Season two of 'Satyamev Jayate' they would carry out ground activity by taking people's reactions about the show and gauge its impact in the society.

"Our research team will access the impact created by the show, go to different places take reaction of people. We need to understand what we had set out to do with this show have we actually achieved...reached that mark. All these things will consume two-three months," Aamir said.

"Also, we have a data ready where we have got responses about the show either through e-mails, text messages, phone calls or on internet medium...we are tracking all this," he said.

After 'Satyamev Jayate' highlighted the menace of female foeticide, a number of state governments have woken up to the malice, the latest being Maharashtra.

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Strike fails to affect Air India revenues in Q1

The carrier's top line rose 3% in June over the same period last fiscal, notwithstanding the fact that it operated a truncated flight schedule on the international network during the entire month

Mumbai: Despite the two-month-long strike by a section of its pilots, the state-owned Air India saw its revenues rise 21% in the April-June quarter, reports PTI.

 

The carrier's topline rose 3% in June over the same period last fiscal, notwithstanding the fact that it operated a truncated flight schedule on the international network during the entire month, officials said.

 

"Our performance has been good on several parameters, both on quarter-on-quarter as well as month-on-month basis. Our overall revenue rose 20.8% in the April-June quarter to Rs2,900 crore, from Rs2,400 crore in the year-ago quarter," an official said.

 

Over 400 pilots of the now derecognised Indian Pilots Guild went on a strike on 7th May. It ended on 3rd July.

 

The strike had forced the management to operate only profitable routes, causing revenue loss of Rs600 crore.

 

The seat factor during the period also rose 3%, the official said, adding that yield per seat shot up 26% in June as ticket prices went up by about 10-20% across the board due to the holiday rush.

 

The national carrier has a Rs67,000 crore debt pile, including Rs24,000 core accumulated losses.

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