Vinay Ramohalli Gopala April 22, 2014 Share this interaction Share this Facebook 0 Twitter 0 My second hand car had an ICICI Lombard insurance valid until October 2014. I applied in their regional office in Bangalore for the ownership transfer. I was told it will take about 2 days. Even after a month the transfer did not occur. Frustrated I bought a new insurance from Bajaj. I am requesting them to pay back the complete premimum amount. They are not willing. Can I sue them?. Reply to this Response(s) MIC Staff April 24, 2014 : Answered in 1 Day You need to ask the lawyers because we are not legal people that we will be able to assist you on this. As far as recovering the money is concerned, you can approach the IRDA or the Ombudsman regarding the same. They should be able to pay you back the pro-rated amount since you are cancelling the plan provided you have done all the basic steps: According to the rule, as soon as the sale deed is done, there is a Form 29 and a Form 30, which needs to be submitted to the Insurance Company even before the Registration Certificate is submitted for a name change. However, before you purchased the new plan, you could have approached the Ombudsman regarding the same but nevertheless you can still do so. Click here to read: How to Make an Insurance Complaint - Step by Step Guide. Submit Reply to this Did you find this useful? 0 0
