insurance policy

SC: Beneficiaries of an Insurance Contract are “Consumers”

SC: Beneficiaries of an Insurance Contract are “Consumers”

In the case of Canara Bank v. United India Insurance Company Ltd. and Ors., the Supreme Court of India held that beneficiaries of an insurance policy come within the scope of ‘consumers’ as defined by Section 2(d) of Consumer Protection Act. In this case, certain farmers were using a cold storage company called Sreedevi Cold…