NCDRC Modifies Gujarat Order, Backs Max Life’s Surrender Value Method, Orders Interest Compensation
Citation : 2025 Local Law (NCDRC) 7 The National Consumer Disputes Redressal Commission has partly allowed Max Life Insurance’s appeal against a 2021 order of the Gujarat State Consumer Commission in a long-running dispute over surrender value calculations for a lapsed whole-life policy. The NCDRC, presided over by Justice A.P. Sahi with Member Bharatkumar Pandya,…