Term Insurance Lapse Compensation

To seek compensation due to the lapse of a term insurance policy caused by the freezing of guarantors' personal accounts, you can consider the following:
- You may file a complaint with the Insurance Regulatory and Development Authority of India (IRDAI).
- You can approach the Consumer Court for deficiency in service.
- Consult with a local advocate specializing in insurance claims for specific legal advice.
Would you like information on how to contact a local advocate or the Consumer Court details?

It looks like you need assistance with MSME (Micro, Small and Medium Enterprises) legal issues.
To get help with MSME-related matters, you can:
- Contact the MSME Development Institute in your area.
- Approach the local District Industries Centre (DIC).
- Seek advice from a local advocate specializing in MSME issues.
Would you like more information on how to contact these organizations?

You can approach the MSME Facilitation Council for dispute resolution if your business qualifies as an MSME. They provide a platform for resolving issues related to delayed payments and other disputes.
Would you like more information on how to contact the MSME Facilitation Council?

You can approach the MSME Facilitation Council (MSEFC) even as guarantors if your issue pertains to the MSME Act. They can assist in resolving disputes related to delayed payments and other concerns.
Would you like more information on how to contact the MSME Facilitation Council?

Since your term insurance policy lapsed due to the freezing of guarantors’ personal accounts, it may not directly fall under MSME issues. However, you can still:
- Consult with an advocate specializing in insurance claims.
- Approach the Consumer Court for deficiency in service.
Would you like more information on how to contact a local advocate or Consumer Court?

In Consumer Court, you can potentially get compensation if you prove deficiency in service by the insurance company. Compensation can include monetary relief and other remedies.
Would you like more information on how to contact a local advocate or Consumer Court?

Given that the bank's failure to honor your check resulted in the lapse of your insurance policy, you can:
- File a complaint with the Banking Ombudsman for deficiency in service by the bank.
- Approach the Consumer Court for compensation against the bank and the insurance company.
Would you like more information on how to contact the Banking Ombudsman or the Consumer Court?

If you win in arbitration and the ruling supports your claim, you can then pursue a term insurance case. Winning in arbitration strengthens your position and can be used as evidence in further legal proceedings.
Would you like more information on how to contact the Banking Ombudsman or the Consumer Court?

Yes, you can go to the Consumer Court against the bank for deficiency in service. This includes failure to honor your check, which led to the lapse of your insurance policy. You can seek compensation for the inconvenience caused.
Would you like more information on how to contact the Consumer Court or the Banking Ombudsman?

Would you like more specific information on how to file a complaint with the Consumer Court or the Banking Ombudsman?

It seems like you have several legal issues to address. For offices in Amritsar, you can contact the following:

Would you like more specific details on any particular office or legal assistance?