Waive ₹14.3L loan for policy lapse
The Free Press Journal|November 21, 2024
Panel decision comes after bank failed to inform consumer about halting linked insurance
- Pranali Lotlikar
Waive ₹14.3L loan for policy lapse

The National Consumer Dispute Redressal Commission has directed the State Bank of India (SBI) and New India Insurance Company to waive off the remaining loan amount of Rs14,30,756, borrowed by a deceased Pune-based consumer in 2007 for purchasing a home.

The decision comes after the bank failed to inform the consumer about the discontinuation of the insurance policy, which had been offered as a complementary benefit to cover the loan. Instead, the bank continued to demand loan repayments from the customer.

この蚘事は The Free Press Journal の November 21, 2024 版に掲茉されおいたす。

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この蚘事は The Free Press Journal の November 21, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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