Life Insurance : LIC Tops in Claim Settlement Ratio, Once Again
Life Insurance Corporation of India (LIC) has emerged as the top-ranked insurance player in terms of death claims pay-out, with a settlement ratio of 98.19% compared to 89.4% clocked by private life insurers, according to IRDAI’s (Insurance Regulatory and Development Authority of India) annual report for 2014-15. The private sector has shown improvement as its average claim settlement ratio inched up to 89.4% in 2014-15 from 88.31% in the previous year. Nine private insurers registered a settlement ratio of over 90%; Max Life led the pack at 96.03%. The claim settlement ratios of the top life insurance companies are given in the table below: 
 
Another nine companies, including SBI Life, Aegon Life, Canara HSBC Oriental Life and Exide Life, recorded a claim settlement ratio of over 80%; two companies, namely, DHFL Pramerica and Edelweiss Tokio, settled less than 60% claims.
 

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'Persons with disability to get unique identity card soon'
Jaipur : All persons with disabilities will get a unique identity card within one-and-half years that will be valid throughout the country, union Minister Thaawar Chand Gehlot said on Tuesday .
 
"This identity card will be valid throughout the country and will help the disabled get benefit of welfare schemes," Gehlot, minister for Social Justice and Empowerment, said here while addressing an editors conference on social sector issues.
 
"It is the vision of the government to have an inclusive society in which equal opportunities and access is provided for the growth and development of Persons With Disabilities (PwDs) to lead productive, safe and dignified lives," he added. 
 
Gehlot also said that the Rights of Persons with Disabilities Bill has been drafted and all stakeholders are being consulted before it reaches parliament. 
 
The minister said that to frame laws for transgenders, a bill was likely to be introduced during the budget session of parliament.
 
"The ministry has drafted an umbrella scheme for empowerment of transgender persons and 'The Rights of Transgender Persons Bill, 2015' has been drafted and is likely to be introduced in the upcoming budget session of parliament," he said.
 
He said the government has also enacted a new bill to check atrocities against Scheduled Castes (SCs).
 
"Now many more offences against SCs have been brought under the purview of the act and provisions have been enforced from January 26, 2016," he said.
 
Gehlot said the government has decided to develop all major spots related to the life and work of Dr. Bhimrao Ambedkar as memorials.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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After IM, Bhatkal now becomes new recruiting ground for IS
New Delhi : Once known in intelligence cirlces as the breeding ground of the homegrown Indian Mujahideen (IM) terror outfit, Karnataka's small coastal town of Bhatkal, a tourist destination with a lot of history, is unfortunately now being seen in the security establishment to be emerging as a possible incubator of the Islamic State's Indian terror module after a string of arrests from the town and nearby areas in the southern state.
 
 
Shafi Armar, who, intelligence agencies say is the main recruiter of Indian men lured to the IS ideology -- some of whom have even gone to fight alongside the Islamist terror militia in Syria -- also belongs to Bhatkal where he was born and lived with his two brothers, before leaving India in 2009.
 
Knowledgeable sources, speaking to IANS on condition of anonymity because of the sensitivity of the issue, said Armar started as a member of the IM before fleeing from India to Pakistan with other top operatives of the outfit, Riyaz and Iqbal Bhatkal. Armar's elder brother Sultan, now dead, had also left India with him.
 
Armar, the sources further said, later went for training in Syria and is now believed to be a key member of Ansar-ul-Tawhid, a recruiting wing which has pledged allegiance to the Islamic State.
 
He then formed an IS India module called Janood-ul-Khalifa-e-Hind whose 14 members were arrested in a nationwide raid conducted by the National Investigation Agency (NIA) last week. Janood-ul-Khalifa-e-Hind has reportedly been active since April 2015, the sources said.
 
After Armar, intelligence sources said, some more IS sympathizers named Suhail Ahmed, Damudi, Mohammed Afzal, Najmul Huda and Muhammad Abdul Ahad - all in NIA custody - have their links with Bhatkal, which is otherwise famous as a tourist destination.
 
"All the arrested suspected terrorists having links with Bhatkal are being quizzed to ascertain their role in the module. Interrogators are also trying to find out the exact number of people recruited from the town," the sources told IANS.
 
The sources privy to the investigation, however, said that the arrested IS suspects were not only asked to target Bhatkal to recruit members but to seek sympathisers across India for which they had organised several meetings in Lucknow, Mumbai, Mangalore, Tumkur (in Karnataka), Haridwar and Hyderabad.
 
Another official, close to the investigation, said that the main India-module recruiter of IS has been targeting his former IM aides who belong to Bhatkal and nearby towns in Karnataka.
 
Asked if Bhatkal town has become a "breeding ground" for IS's recruiters, Additional DGP (Internal Security) Karnataka Sunil Kumar told IANS on phone: "It's a matter of investigation."
 
"We are in constant touch with the NIA. Several people were recently arrested from Mangalore, Tumkur and Bangalore, but their role to recruit new IS members from Bhatkal or other states is a matter of inquiry and it cannot be shared," Sunil Kumar stated. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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