Insurance
Life Insurance: Continued Fraudulent Selling

What are IRDA and insurers doing?

The new trend of fraudulent selling of policies that...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Banking: Password-generating credit card

ICICI Bank has launched ‘ICICI Bank Carbon’ credit card in partnership with Visa. This card generates one time passcode for transactions by using an alphanumeric LCD screen, a 12-button touch keypad and an in-built battery. Using the keypad, user has to enter her 4-digit CodeSure PIN (obtained from ICICI Bank website) which then generates dynamic passcodes on the LCD screen. Its battery lasts for three years. ICICI Bank Carbon card is available for a one-time fee of Rs1,000.

User

Nomination: Claim Settlement of Deceased

RBI has directed all banks to adopt a simple procedure for hassle-free settlement of claims of deceased depositors. “We have been receiving feedback from public that banks are not following the simplified procedure as advised. Banks are therefore advised once again that they should strictly comply with the instructions for hassle-free settlement of claims on the death of a depositor,” RBI said in a statement.

Further, it asked banks to provide forms for settlement of claims to any person who approaches the bank for such forms, to settle claims on time. “Claim forms may also be put on the bank’s website prominently so that claimants of the deceased depositor can download the forms without having to visit the concerned bank,” RBI added further. The problem is that the RBI’s job ends with issuing such guidelines. It has no way of systematically checking whether its guidelines are being followed.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)