Personal Loan

Husband wins Rs 12.52 lakh as travel insurance claim after 14 years long fight against the insurer Bajaj Allianz [ad_1] Bajaj Allianz General Insurance was ordered by the National Consumer Disputes Redressal Commission (NCDRC) via an order dated December 27, 2023 to reimburse $20,000 plus interest to the husband of Mrs Aruna Vaish who took an overseas travel insurance policy ...

HDFC Bank: Son fights for 9 years with HDFC Bank to get Rs 5 lakh accidental death insurance cover on debit card [ad_1] HDFC Bank was ordered to pay Rs 5 lakh by NCDRC as insurance benefit to the son of a deceased customer, who had an HDFC Bank debit card with Rs 5 lakh accidental death insurance coverage. However, ...

50% of complaints against pvt life insurance companies in 22-23 were unfair business practice grievances: IRDAI [ad_1] Fifty percent of total grievances lodged against private life insurers in 2022-23 were complaints about unfair business practices, according to the IRDAI’s annual report for FY2022-23. The report was released on the Insurance Regulatory and Development Authority of India (IRDAI) website on December ...

Life insurance companies paid over Rs 42,000 crore as commissions in FY 2022-23: Irdai report [ad_1] The Insurance Regulatory and Development Authority of India (Irdai) has released its FY 2022-23 annual report. As per the report, the life insurance companies paid a total commission of Rs 42,322 crore during FY 2022-23. The commission expenses slightly increased to 5.41% in FY ...

upi: India’s first corporate credit card on RuPay network launched; UPI transactions & lifetime free and more [ad_1] IndusInd Bank has launched ‘eSvarna’ which is a corporate credit card on RuPay network. eSvarna RuPay credit card can be used to link with any supporting UPI app and then payments can be made using it too. “The card facilitates smooth transactions ...

insurance industry: Surrender fee: Insurers propose dual structure as regulator pitches for a hike [ad_1] Mumbai: The life insurance industry is proposing a dual structure in response to the regulator’s pitch for an increase in the surrender value for non-participating policies, said people with knowledge of the matter. The insurers have suggested a higher surrender value for short-term policies while ...

Bank ordered to pay Rs 10 lakh to customer for loss of jewellery from bank locker [ad_1] The National Consumer Disputes Redressal Commission (NCDRC) has held the UCO Bank responsible for not taking appropriate measures to ensure the safety of goods kept in the lockers by customers. The bank has been ordered to compensate a customer for jewelry worth Rs ...

​Canara Bank to pay Rs 9 lakh as compensation to NRI for deficiency in services: NCDRC [ad_1] Canara Bank is liable to pay Rs 9.09 lakh as compensation to a 95-year-old non-resident Indian (NRI) customer. Canara Bank has to pay the compensation amount because it did not provide good services and indulged in unfair trade practices. The payment of compensation ...

Don’t have Aadhaar? Go for passport-like verification first [ad_1] (This story originally appeared in on Dec 21, 2023) LUCKNOW: A passport like mandatory verification will have to be carried out for Aadhaar card from now on. This, because the state government, and not Unique Identification Authority of India (UIDAI), will henceforth conduct verification for the complete enrollment in Aadhaar. “From ...

NRI re-entry roadmap: 7 smart financial tips for homecoming [ad_1] Welcome back to your homeland! As a foreign-return NRI, the transition back to India can be a life-altering move. As you embark on this new journey, it’s essential to ensure a smooth financial transition as well. Whether you are planning to settle permanently or temporarily, navigating the financial landscape requires ...