DCC 28/2004
Background Facts :
The Appellant filed suit No. 317 of 99 before the Dubai Court of First Instance - against the Respondent, an insurance company, requesting US $300,000 or its equivalent of 1,104,000 AED which was the amount agreed on in an insurance policy and $6251 or equivalent of 68/23003 AED, the value of premiums paid and the return on investment. The Plaintiff explained that on 25-5-97, under a life insurance policy, he and his wife insured their lives with the Defendant's insurance company for $300,000, each in case of the death of the other. After paying some instalments, he was informed on 21-4-98 of the death of his insured wife at her home in the Republic of Georgia in Russia.
On 8-3-98, the Defendant Company was asked to pay the insurance amount agreed and to pay the value of the premiums he paid for life insurance and return on investment as agreed but the insurance company refused this request.
Proceedings: