Hyderabad, Dec. 17 -- In a significant ruling, the Hyderabad District Consumer Disputes Redressal Commission-II has directed HDFC Life Insurance Company Limited to pay Rs 1 crore along with 7 percent interest to the wife of a policyholder, rejecting the company's claim denial as unjustified.

The case pertains to one Kondapalli Sitarama Rao, who had purchased a Rs 1 crore life insurance policy from HDFC Life on September 9, 2021, after paying the first monthly premium of Rs 2,977.

Tragically, he died of a heart attack on October 7, 2021. The premium payment due date was October 8, 2021, one day after his death.

Following her husband's death, his wife, Sita Madhavi, who was named as the nominee, submitted all necessary documents and soug...