Page 71 - IC24 LEGAL ASPECTS OF LIFE ASSURANCE
P. 71

Chapter 14 Protection of Interest of Consumers





                        The objective of the Consumer Protection Act is to protect the


                        interests of consumers by providing for simple, speedy and



                        inexpensive settlement of consumer complaints / grievances.





                        Salient features of the COPA are:




                        ✓     It covers all the goods & services.



                        ✓     It is applicable to all the sectors




                        ✓     It provides redressal machinery which is simple, speedy and



                        less expensive.





                        ✓     The Act is in addition to the provisions of any other law




                        The Act envisages a three-tier quasi-judicial system of



                        redressal of complaints




                        ✓     District Forum





                        ✓     State Commission
   66   67   68   69   70   71   72   73   74   75   76