Mst. JAMEELA RIAZ vs IGI LIFE INSURANCE through Head of Business and Operation Ss — 2025 CLD 29 INSURANCE-TRIBUNAL-LAHORE

Case information

Citation: 2025 CLD 29 INSURANCE-TRIBUNAL-LAHORE
Court: Lahore High Court
Year: 2025
Reporter: CLD
Parties: Mst. JAMEELA RIAZ vs IGI LIFE INSURANCE through Head of Business and Operation Ss
Subject matter: Civil
Provisions referred to: S. 162; S. 81; Insurance Ordinance

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

Mst. JAMEELA RIAZ VS IGI LIFE INSURANCE through Head of Business and Operation Ss. 122 & 162---Insurance petition, filing of---Permission of the Securities and Exchange Commission of Pakistan (SECP)---Scope---Contention of the respondent/ company was that petition was liable to be dismissed under S. 162 of the Insurance Ordinance, 2000, as the same had been filed without the permission of the Securities and Exchange Commission of Pakistan (SECP)---Validity---No such requirement had been stipulated under S.162 of the Insurance Ordinance 2000, for filing of insurance petition before the Insurance Tribunal, therefore, this issue was decided against the respondent/ company---Insurance Tribunal, under S. 81 of the insurance Ordinance, 2000, directed the Respondent / Company to return the received (one) premium of Rs.50,000/- to the petitioner, and dismissed her prayer for payment of total death claim---Insurance application was partly decreed.

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