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  • News From Press Customer not bound by tie-up between vehicle dealer, insurer

    Customer not bound by tie-up between vehicle dealer, insurer

    Source-Economic Times Mar 15, 2017

    PUNE: The district consumer court here has ruled that a tie-up between a vehicle dealer and an insurance company is not binding upon the consumer who buys a vehicle from such a dealer. 

    The court has directed the Bajaj Allianz General Insurance Company in Yerawada here to refund a premium of Rs21,053 — along with an annual interest of 9% since September 20, 2014 — and a Rs5,000 fine to a Daund resident for failing to renew his car insurance despite the latter having paid the renewal  premium through the online NEFT transaction. The interest component payable so far works out to over Rs4,700. 

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