Insurer told to pay ₹3.5 lakh for stolen gold, ₹50,000 as compensation
An Indian court has directed an insurance company to reimburse a policyholder ₹3.5 lakh for the loss of gold that was stolen, and to also pay an additional ₹50,000 as compensation for the incident. The ruling follows the claimant’s petition alleging inadequate settlement, and the insurer must comply with the judgment promptly within the stipulated timeframe.