Insurance – Banking – Policy taken by bank for benefit of its card holders – “Cardsure Package Policy” – Non-Atm transactions – Deceased an account holder with HDFC Bank Limited and had availed of a debit card from the bank – Bank obtained an insurance cover from HDFC Ergo – Against payment of premium by the bank to the insurer, the insurer provided an insurance cover for card holders of the bank for the amount of Rs 5 lakhs – Claim repudiated on the ground that the deceased had not undertaken a “non-ATM transaction” in the period of three months immediately preceding the date of the accident – Special terms not communicated to the card holder – Insurance company liable – Consumer Protection Act, 1986.
(2022-1)205 PLR 709 (SC) 202 , 2022 SCeJ 0277 , 2022 PLRonline 8802