Kabir Zaidi, a resident of Singrauli in Madhya Pradesh, had no inkling of the troubles he would face when he went in for insurance claims settlement after the death of his father Iram Mujtaba Zaidi. His father, a businessman who died of Covid-19 infection in August 2020, had taken life insurance policies from multiple insurers, including two policies of ₹25 crore —one each from Life Insurance Corporation (LIC) of India and a prominent private insurer. Mujtaba Zaidi had also bought a keyman insurance policy of ₹6 crore from the same private insurer.
After his father’s death, LIC settled the insurance claim, but Zaidi’s troubles started when the private insurer rejected the claim stating that the policyholder had not disclosed any ...
