A Delhi Consumer Forum, while passing an order against the Oriental Insurance Co. Ltd, stated that once higher premium has been charged, the assured sum cannot be reduced later when the claim is made. If there is some mistake at the end of the Insurance company, it should look within to recover the loss and not do so by not honoring the claim. For complete story, see http://ibnlive.in.com/generalnewsfeed/news/cant-reduce-assured-sum-after-charging-higher-premium-forum/1016278.html.