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  • News From Press Policyholders are increasingly taking insurance companies to consumer court; comprise 27% of cases in 2022

    Policyholders are increasingly taking insurance companies to consumer court; comprise 27% of cases in 2022

    Source: ET Oct 4, 2023

    The Department of Consumer Affairs has taken proactive measures to resolve cases in consumer courts, prompting individuals to reach out to the concerned regulatory body with their grievances. As a result, the inflow of appeals has increased, doubling the total number of pending cases between April-July, 2022 and August-November, 2022.

    Notably, out of the 5,78,061 pending cases, a staggering 1,61,134 are related to the insurance sector, indicating a state of chaos within the industry.

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