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LIC CLAIMS SETTLEMENT
Huge growth opportunity as rising incomes, longevity fuel insurance demand: LIC CEOIndia's insurance sector anticipates strong demand for protection and savings products. LIC aims to adapt its distribution and product mix ...- Bank unions announce strikes on September 11 over unresolved issuesThe United Forum of Bank Unions (UFBU), representing over 90% of India’s banking workforce, has announced strikes on September 11 and Septe...
- NCLT forms 5-member special bench to decide Zee founder Subhash Chandra’s Rs 22,006-crore repayment planThe NCLT has constituted a five-member special bench to resolve the deadlock over Zee founder Subhash Chandra’s repayment plan after three ...
- Subhash Chandra's dissenting lenders Canara Bank, Union Bank move NCLAT against NCLT orderDissenting lenders have challenged the NCLT order approving Subhash Chandra's personal insolvency plan. The Essel Group chairman's plan pro...
- Subhash Chandra drops mention of Mukesh Ambani allegations, shifts focus to settling Essel debtSubhash Chandra Rs 22,006 crore case: Zee founder Subhash Chandra has shifted focus from Ambani allegations. He is now addressing outstandi...
- Zee founder Subhash Chandra's next move: An investment job in SwitzerlandSubhash Chandra plans a professional role with Swiss investment firms. He will use his remaining Rs 6.5 crore for a repayment plan. Credito...
- 99.97% haircut? How the scissors worked in the Subhash Chandra caseNCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claim...
- How and why Zee founder Subhash Chandra's Rs 22,006 crore debt was chopped to just Rs 6.5 croreThe NCLT approved Subhash Chandra's insolvency plan, allowing a settlement of Rs 22,006 crore claims for Rs 6.25 crore. Dissenting lenders ...
- HDFC Bank, LIC Housing Finance to contest Zee resolutionHDFC Bank and LIC Housing Finance will challenge the NCLT ruling on the Zee Group debt settlement. The approved plan includes a small payme...
- NCLT Subhash Chandra Case: Rs 22,000 crore is not bank loan write-off, sources on orderThe National Company Law Tribunal approved a repayment plan for Essel Group founder Subhash Chandra. This plan does not signify banks writi...
- HDFC Bank mulls NCLAT appeal over Subhash Chandra insolvency orderHDFC Bank plans to appeal a bankruptcy court ruling concerning Subhash Chandra. The court approved a repayment plan with a 99.97 percent ha...
- Subhash Chandra clears air on Rs 22,000 crore personal insolvency claims against himMedia baron Subhash Chandra states his personal insolvency claim totals Rs 3,992 crore. He has not borrowed any money directly from any len...
- 'Not haircut but mundan': Congress on NCLT clearing Subhash Chandra's Rs 6.5 crore payoutThe NCLT has given the green light for Subhash Chandra's settlement of Rs 6.5 crore against outstanding dues of Rs 22,006 crore. This drast...
- Rs 22,006 crore claims, Rs 6.5 crore payout: NCLT clears Subhash Chandra planThe insolvency tribunal NCLT approved Subhash Chandra's repayment plan. Lenders will receive only Rs 6.5 crore against Rs 22,006.57 crore c...
- LIC weighing plans to invest in health insurance, fintech: R Doraiswamy, CEO, LICLIC said the government’s ₹31,552-crore offer for sale reflects investor confidence and helped achieve 10% public shareholding. The insurer...
- LIC rejects claim saying past typhoid, jaundice were not disclosed: Court says the illnesses have no link to sudden heart attack that killed the policyholder; orders insurer to pay over Rs 10 lakhLIC rejects insurance claim saying policyholder hid illnesses: LIC rejected a death claim filed by a Guntur widow, arguing her husband had ...
- No proposal to utilise unclaimed LIC, EPFO funds for other purposes: GovtUnclaimed insurance funds over ten years go to the Senior Citizen Welfare Fund. Life Insurance Corporation of India holds unclaimed amounts...
- LIC pension policyholders can submit life certificate via emailLIC has also has relaxed the death claim settlement process. To allow speedy settlement of death claims in the prevailing situation where d...
- LIC allows policyholders to submit maturity claim documents anywhere in IndiaAs per this facility, if a policyholder is in one city and his/her policy documents are in another city, then such documents can be deposit...
- LIC performs better than private life insurance cos in settling claims: IRDAThe Insurance Regulatory and Development Authority has said that the Life Insurance Corporation of India has performed better in terms of c...
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