MATTER OF INTEREST
LEGAL CORNER:
The State Consumer Disputes Redressal Commission, Haryana, Panchkula has given Judgement in a case with the remarks that Each and every aspect is discussed in our report and the report cannot be doubted. The abstract of the Judgement is:
MINIMUM DEDUCTIBLE UNDER STANDARD FIRE AND SPECIAL PERILS POLICY
Sum Insured Up to: 10 CR. 5% of Claim/ minimum Rs. 10,000/-
Sum Insured 10 Cr to 100 Cr: 5% of Claim / minimum 25000/-
Sum Insured 100 Cr to 1500 Cr: 5% of Claim /minimum 5.00 lacs.
Sum Insured 1500 Cr to 2500 Cr: 5% of Claim /minimum 25.00 lacs.
Sum Insured above 2500 Cr: 5% of Claim /minimum 50.00 lacs.