President Alvi directs State Life Insurance coverage to pay compensation

ISLAMABAD: The President of Pakistan Dr. Arif Alvi has directed State Life Insurance coverage Company to pay compensation to household of coverage holders.

Whereas rejecting 4 comparable representations most well-liked by State Life Insurance coverage Company of Pakistan (SLICP) in opposition to the choices of the Wafaqi Mohtasib, President Dr Arif Alvi has directed SLICP to pay Rs 1.78 million to the relations of the policyholders, a press release mentioned on Tuesday.

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He mentioned that by denying rightful dues to the claimants SLICP has dedicated maladministration.

 The President disregarded the arguments of SLICP and mentioned that SLICP had didn’t show the existence of alleged pre-insurance illnesses with irrefutable proof on the time of approving the life insurance coverage insurance policies to deceased policyholders.

The President mentioned that whereas submitting appeals, the SLICP didn’t issue within the stories of its personal Discipline Officers who had declared the insured individuals as fully wholesome.

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He additional noticed that the denial of life insurance coverage claims with out irrefutable proof was extremely unjustified and mirrored maladministration on the a part of the SLICP.

The President held that in all 4 instances, no scientific investigation or diagnostic evaluation had been produced by SLICP to corroborate that the deceased policyholders have been actually sufferers of various illnesses.

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He rejected all 4 representations and directed SLICP to report compliance to the Mohtasib inside 30 days. As per particulars, the complainants (Mst Irshad Bibi, Mst Samreen Aasima, Muahammad Awais and Muhammad Ismail) had approached SLICP for the cost of the sum assured as per the insurance coverage insurance policies.

SLICP refused to pay the claims by alleging that the deceased policyholders had pre-insurance illnesses, resembling TB, Cystic Bronchiectasis, kidney illness or lung illness, which they wilfully stored secret on the time of acquiring the insurance policies.

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Feeling aggrieved, the complainants individually approached the Wafaqi Mohtasib to hunt compensation, which handed the orders of their favour. Later, SLICP filed representations in opposition to the choices of the Mohtasib with the President, which have been additionally rejected.

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