1956, life insurance business was in the hands of private companies which were operating mostly in urban areas. The avowed objects and reasons of the Life Insurance Corporation Act, 1956 would reveal that the main object and reason is to ensure absolute security to the policy-holder in the matter of his life insurance protection. 29. In the circumstances, the impugned order is set aside and the order of the District Forum in complaint C.A. No.270 of 2012 Page 34 of 35No.1044 of 1997 dated 19.07.2001 which was confirmed by the State Commission as per order dated 25.07.2006 in appeal No.464 of 2002 is restored. The respondent is granted two months’ time to effect payment in terms of the order thus restored. 30. The appeal is allowed. .........................J. (A. S. Bopanna) .........................J. (C.T. Ravikumar) New Delhi; May 08, 2024. C.A. No.270 of 2012 Page 35 of 35