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Beneficiary is “consumer” under the Consumer Protection Act: SC – Lexology


The Supreme Court in the matter of Canara Bank vs United Indian Insurance Corporation and Ors. (here), on February 06, 2020 held that the beneficiaries of the policies taken out by the insured are also ‘consumers’ under the Consumer Protection Act, even though they are not parties to the contract of insurance.

Brief Facts of the case

  • The claimants in the captioned appeal are farmers who had stored their produce in a cold store, during the year 2012-­2013.

Contention by the claimants (farmers, cold store)

  1. The farmers contended that the cold store while levying general charges had also charges for the insurance premium to be paid to the insurance company, therefore, they were well within the ambit of filing the The cold store also pressed on the same fact
  2. The farmers also contended that they had entered into a tripartite agreement with the bank regarding their loan as the cold store had got the stocks insured from the insurance company and the stocks belonged to the farmers.

Contentions by the Insurance Company –

  1. The insurance company was of the view that farmers had no locus standi to make any claim as there was no privity of contract between farmers and the insurance…

Read More: https://www.lexology.com/library/detail.aspx?g=3ba26b65-735c-4b8e-973a-20b8aa2c7f8a

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Source: https://www.lexology.com/library/detail.aspx?g=3ba26b65-735c-4b8e-973a-20b8aa2c7f8a

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