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LIC rejects five life insurance claims saying policyholder hid diabetes: Court finds disease diagnosed only after buying the policies; orders over Rs 60 lakh payoutLIC rejects five life insurance claims saying policyholder hid diabetes: The National Consumer Disputes Redressal Commission has ordered LI...- Stocks in news: Chennai Petroleum, LIC, Brigade Enterprises, Sadbhav Engineering, DCX Systems, Aequs, Fino Payments BankIndian stock markets extended their rally for a second straight session, with banking, auto, and consumer stocks driving gains. Several com...
- LIC's health insurance claim rejection on grounds of alcohol consumption upheld by SC, know whyThe Supreme Court recently upheld LIC's decision to repudiate a health insurance claim under the Jeevan Arogya scheme due to non-disclosure...
- Court ruling pronounced in keenly-watched case of MCD staffer whose policy lapsed for no fault of his ownA consumer court has ordered LIC and MCD to pay Rs 4.8 lakh, plus Rs 60,000 for compensation and litigation expenses to the family of a dec...
- LIC on this year, IDBI next in list, says DIPAM secretary Tuhin Kanta Pandey"Actual privatisation numbers could go up going forward because now we have better institutional capacity. We are trying to reduce the time...
- Insurance claim liable to be rejected if lapsed on account of non-payment of premium: SCAn insurance claim can be rejected if the policy has lapsed on account of non-payment of premium, said the Supreme Court which stressed tha...
- SGX Nifty up 10 points; here's what changed for market while you were sleepingAsian shares were trading flat to positive on Tuesday as investors shook off earlier worries about a hedge fund default that roiled global ...
- After Market: YES Bank, DLF fall up to 16%; 500 stocks hit 52-week lowsWith 31.46 crore shares changing hands, YES Bank emerged as the most traded stock on NSE.
- How to get complaints resolved when insurance companies don't actSome insurers have failed to comply with ombudsman rulings. Here is how to ensure implementation.
- Consumer court slams LIC for denying death claim due to non-payment of 2-month premiumThe LIC told the claimant that since last two premiums were not paid, he was not entitled to the policy benefits and it is liable to pay on...
- Should LIC invest in ITC? Bombay High Court to decideLIC, which has sold life cover to millions of Indians, should not be party to the business of ITC or any other tobacco firm, said the PIL.
- Twelve stocks in focus in Tuesday's tradeIndian markets are expected to trade in a range tracking muted trend seen in other Asian markets.
- We have a vision to provide cover to all Indians by 2020: Surya Kumar Roy, LIC chairmanLIC chairman Surya Kumar Roy discusses repository, competition from private sector players and LIC's vision to cover every Indian by March ...
- Nifty may scale 8000 on strong foreign inflows, growth numbersAnalysts say investment activity has gathered pace and consumers have begun spending again, indicating the worst slowdown of the last decad...
- PSUs, insurance firms face tough time in consumer fora in 2012Insurance firms and PSUs had to face some tough time in 2012 from the consumer fora which pulled up these entities for causing a rise in fr...
- Indraprastha Gas Ltd shares tumble 33% on tariff cut orderShares of IGL, the sole supplier of natural gas in the NCR, tumbled an unprecedented 33% after a regulatory order drastically cut tariffs f...
- Airtel tops list of companies with max consumer complaintsIndia's largest mobile service provider Bharti Airtel has earned the dubious distinction of being the company facing the largest number of ...
- Vishal Retail sells its retail & wholesale business for Rs 70 croreVishal Retail sold its retail business to Chennai-based Shriram Group & wholesale biz to PE firm TPG for 70 crore.
- HC stays Vishal Retail asset saleA Delhi court has again stayed the sale of debt-laden Vishal Retail to PE fund TPG and Chennai-based Shriram Group, this time following LIC...
- Query corner: Avoid changing your health insurerIt is also prudent to know that shifting of health insurance should not be done regularly and only in extreme conditions.
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