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LAPSED POLICY REFUND
Life insurer rejected Rs 70 lakh death claim, but consumer commission ordered it to refund Rs 7 lakh premium despite a lapsed policy; here's whyA life insurer denied a seventy lakh death claim after a policy lapsed. The policyholder had paid seven lakh as the first year premium. The...- Insurance money left unclaimed? How to trace, verify and recover your moneyNearly Rs 8,974 crore in unclaimed insurance funds is lying with insurers due to missing nominees, outdated records, lost documents and lac...
- IRS refund delays could hit millions as government Shutdown threatens 2026 tax season - here's everything you need to knowIRS refund delays 2026: Americans filing taxes this year face potential delays as the IRS braces for a possible government shutdown. Fundin...
- GST exemption on insurance premium: Will you get a refund if you paid a multi-year premium on your policy?Policyholders who paid lump-sum premiums for long-term health and life insurance before Sept 22 are wondering if they will receive GST refu...
- CAs point to glitch in ITR software resulting in taxpayers getting a little less tax refund; what it means for youA system error in the Income Tax Return software is causing taxpayers to receive slightly lower refunds. Chartered Accountants have identif...
- Rs 2.8 lakh refund issued to insurance misselling victim, per NCDRC rulingIn the case of TATA AIA vs. Gyan Singh, the National Consumer Dispute Resolution Commission ruled that policyholders are entitled to a full...
- Budget 2025: Exempt income-tax up to ₹10 lakh, check Chinese imports, urge RSS Unions to Nirmala SitharamanUnion Budget 2025: RSS-affiliated unions proposed several measures during their pre-budget consultations with Finance Minister Nirmala Sith...
- Unauthorised transaction due to third party breach: Bank customer has zero liability, says HCThe Bombay High Court ruled that customers have zero liability for unauthorized transactions caused by third-party breaches, directing Bank...
- Delhi liquor scam case: CBI registers case against CEO of Claridges Hotels, Pawan Khatri, & Air India employeeThe FIR has been registered under criminal conspiracy, an offense relating to a public servant being bribed, taking undue advantage to infl...
- Disallowed in Delhi, same excise policy doing wonders in Punjab: Arvind KejriwalDelhi LG has also suspended 11 officials including then Excise commissioner amid allegations of graft. The allegations include several "vio...
- Should you continue with your endowment insurance policy?Surrendering a policy would mean that a portion of the premium already paid will be refunded. If policy has been in force for some time, su...
- Why you should surrender endowment life insurance policiesSurrendering a policy would mean that a portion of the premium already paid will be refunded to you. If the policy has been in force for so...
- Congress says economic slowdown is 'man-made disaster'Congress spokesperson Gaurav Vallabh said the economy is being run on emotions, false stories and gaudy explanations rather than on logic a...
- Insurance regulator, top company fined for 'fraudulent' policyIrdai and an insurance firm has been asked by a consumer redressal forum to pay compensation to a senior citizen for not taking appropriate...
- IRDAI allows banks to tie up with more than one insurerBanks have been allowed by the IRDAI to sell three products each from all life, non-life and stand alone health insurance.
- Five things to know about online term plansThough they have become popular in the past two years, many customers have misconceptions about these insurance plans...
- NDMC likely to roll back property tax hike, refund excess amountThe North Delhi Municipal Corporation is expected to roll back the hike in tax rates of non-residential properties which were hiked from 12...
- Free-look clause helps avoid mis-selling in health and life insurance policiesA 15-day 'free-look' period offers policyholders with the liberty to surrender the scheme if it fails to meet expectations.
- Free-look period: Policies should be sent directly to the policyholderInsurance agents delay the delivery of plan documents so that policyholders are unable to avail of the 15-day perusal period. It's time IRD...
- IRDA’s new norms to provide strong cover for Ulip holdersHolders of unit-linked policies will in future get more of their money back if for any reason they are forced to surrender their policy wit...
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