Whether Insurance regulatory and development authority of India will provide the sought information.

An application under subsection 1 of section 6 of Right to Information Act 2005 to seek following point-wise information with CPIO Insurance regulatory and development authority of India within the stipulated time as prescribed under subsection 1 of section 7 of Right to Information Act 2005.
1-Please made available the regulations set up by the authority in order to secure the interest of insurance policyholders from insurers.
2-Before penalizing any insurance policyholder what are the setup norms? Please make available those provisions to your applicant.
3-Before forfeiting the premium of insurance policyholders whether to serve legal notice is not mandatory as being done by the insurance company in the context. The principle of natural justice can be overlooked before forfeiting paid premium of insurance policyholders. Please make available the provision which allows such arbitrary action on insurance policyholders by insurers.
4-According to insurance company staffs, the policy will acquire cash value if it has been in force for at least three years and provided all premiums that have fallen due have been received. The guaranteed cash value in this policy will be 30% of premiums (excluding the first year’s premium) received.
Please provide the provision under which consumer’s right of your applicant is secured if Rs. 25000.00 paid as the premium is forfeited by the insurance company as policy is lapsed according to company policy.
5-Being a regulatory body, how such arbitrary rules of the insurance company is being allowed to propagate in the society consequently innocent citizens is being cheated.
Please make available the provisions of constitution which prohibit regulatory body to curb such economic offences committed by wrongdoer insurance companies mushrooming in our society like frogs in the rainy seasons.
           Please help your information seeker in public interest so that justice may be sought.  For this, your applicant shall ever pray you, Hon’ble Sir.
                                       Yours sincerely
                   Surendra Kumar Maurya S/O Jeera Lal Maurya 

MOBILE NUMBER-7388397486, Mohalla-Shivala Mahanth, Post-Putali Ghar, District-Mirzapur, Pincode-231001, Uttar Pradesh.
Educational Status Literate
Phone Number Details not provided
Mobile Number +91-7388397486
Email-ID yogimpsingh[at]gmail[dot]com
Request Details :-
Citizenship Indian
Is the Requester Below Poverty Line ? No
(Description of Information sought (upto 500 characters)
Description of Information Sought
Please take a glance at THE attached R.T.I. communique with this representation and provide access to information within the stipulated time.
Concerned CPIO Nodal Officer
Supporting document (only pdf upto 1 MB)
Enter Registration Number IRDAI/R/2017/50547
Name Surendra Kumar Maurya
Date of filing 12/11/2017
Public Authority Insurance Regulatory and Development Authority of India
Status RTI REQUEST RECEIVED
Date of action 12/11/2017
Nodal Officer Details :-
Telephone Number
Email Id somesh@irda.gov.in

Registration Number IRDAI/R/2017/50547
Name Surendra Kumar Maurya
Date of Filing 12-11-2017
RTI Fee Received    10
Payment Mode Internet Banking
SBI Reference number IK00IZMGG9
Transaction Status Completed Successfully
Request filed with Insurance Regulatory and Development Authority of India
  Contact Details  
Telephone Number
Email Id somesh@irda.gov.in
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Mahesh Pratap Singh Yogi M P Singh

1-Please made available the regulations set up by the authority in order to secure the interest of insurance policyholders from insurers.
2-Before penalizing any insurance policyholder what are the setup norms? Please make available those provisions to your applicant.
3-Before forfeiting the premium of insurance policyholders whether to serve legal notice is not mandatory as being done by the insurance company in the context. The principle of natural justice can be overlooked before forfeiting paid premium of insurance policyholders. Please make available the provision which allows such arbitrary action on insurance policyholders by insurers.
4-According to insurance company staffs, the policy will acquire cash value if it has been in force for at least three years and provided all premiums that have fallen due have been received. The guaranteed cash value in this policy will be 30% of premiums (excluding the first year’s premium) received.
Please provide the provision under which consumer’s right of your applicant is secured if Rs. 25000.00 paid as the premium is forfeited by the insurance company as policy is lapsed according to company policy.
5-Being a regulatory body, how such arbitrary rules of the insurance company is being allowed to propagate in the society consequently innocent citizens is being cheated.

Arun Pratap Singh
3 years ago

4-According to insurance company staffs, the policy will acquire cash value if it has been in force for at least three years and provided all premiums that have fallen due have been received. The guaranteed cash value in this policy will be 30% of premiums (excluding the first year’s premium) received.
Please provide the provision under which consumer’s right of your applicant is secured if Rs. 25000.00 paid as the premium is forfeited by the insurance company as policy is lapsed according to company policy.
5-Being a regulatory body, how such arbitrary rules of the insurance company is being allowed to propagate in the society consequently innocent citizens is being cheated.
Please make available the provisions of constitution which prohibit regulatory body to curb such economic offences committed by wrongdoer insurance companies mushrooming in our society like frogs in the rainy seasons.