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POLICY LAPSED MEANING
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...- Trump tariffs may stay alive as US set to impose new import taxes by FridayDonald Trump is likely planning new import duties on many nations by Friday. These levies aim to continue his tariff regime after current o...
- Indian professionals are turning to EB-5 as decades-long green card waits make H-1Bs untenableThe US EB-5 Immigrant Investor Program is increasingly being used by Indian professionals trapped in decades-long employment-based green ca...
- Missed your term insurance premium? Here's what happens to your policy, claim, and life coverMissing a term insurance premium does not immediately cancel coverage. A grace period allows payment, and nominees receive benefits if deat...
- US Forced Labour Hearings: Trump's next tariff threat looms over 60 countries, including IndiaThe United States is considering new tariffs on sixty nations, including India, due to forced labor concerns. Hearings will begin to discus...
- NRI Talk| Equities at 45%, gold at 10-12%: Shiv Gupta of Sanctum Wealth's ideal India portfolio for NRIsDespite recent flat equity returns and rupee depreciation, India's long-term growth story remains robust, according to Sanctum Wealth's Shi...
- 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recover your moneyNearly Rs 8,974 crore in unclaimed insurance funds is lying with insurers due to missing nominees, outdated records, lost documents and lac...
- Why did market rise today? Sensex rallied 791 pts, Nifty closed above 24,000; 6 key factors drove D-St reboundIndian stock markets witnessed a significant surge today, with Sensex and Nifty climbing up to 1%. This positive momentum was fueled by the...
- FOREX-Dollar steadies following US strikes on Iran and ahead of inflation dataThe dollar held steady as U.S. strikes on Iran followed a helicopter incident, though President Trump downplayed the event. Investors await...
- Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...
- INSIGHT-How Honda's old guard tried, and failed, to oust its CEOHonda is encountering significant disputes as a faction of retired executives pushes for the removal of CEO Toshihiro Mibe. Citing his fail...
- Have a lapsed LIC policy? Here’s an opportunity to revive it without paying high renewal feesLIC has initiated a special policy revival campaign from August 18th to October 17th, 2025, offering policyholders a chance to revive their...
- No procedural lapse in demonetisation of 500 and 1,000 currency notes in 2016: RBI to SCThe Reserve Bank of India (RBI) Tuesday told the Supreme Court that there was "no procedural lapse" in the demonetisation of '500 and '1,00...
- Nearly 25% premium from new life policies goes wasteExtrapolating the lapse ratio to fiscal year nos indicate that premium worth over Rs 5,000 cr has lapsed for LIC.
- Things to know about reviving a lapsed insurance policyA lapsed cover can be revived by the policyholder during the period allowed by insurer before its maturity.
- Things to know about reviving a lapsed insurance policyA lapsed cover can be revived by the policyholder during the period allowed by insurer before its maturity.
- Allot new agents in case of removal of existing ones: IRDAIRDA today said life insurance companies will have to allot new agents to policyholders in case of removal of existing agents.
- How to get 'orphaned' insurance policies back on trackLife insurance policies get 'orphaned' when the distributor discontinues his agency or his services are terminated by the insurer.
- Insurers see less policy lapses in 2008-09, despite hard timesAs many as 91 lakh policies with sum assured value of Rs 99,543 crore were struck off the books of insurers during 2008-09 because they lap...
- Large lapses lead to policy tradingA whopping one crore life insurance policies with a total value of Rs 74,076 crore lapsed in 2005-06.
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