Why Did LIC deny claim for this Ashadeep policy?
You buy an insurance policy to provide for emergency financial resources for unforeseen and trying circumstances. But when the moment of need comes, the insurance company rejects your claim, citing some part of the policy terms & conditions that you are not likely to have read or understood.
 
This is what happened with Anita Loona. She bought LIC’s Ashadeep policy in 1998. Benefits...
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  • Health Insurance: When a Claim Is Not a Claim!
    ‘Give me a hand and I will walk with you…’ so goes an Irish song. You pay premiums for your health insurance policy and the insurance company should pay the claim that may arise due to ill health. This is the way it should pan out.
     
    Ajay’s experience is, however, very different. He is an ardent believer in health insurance. So much so that he bought two policies: (1) a senior...
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  • NS Kannan appointed as ICICI Prudential's MD and CEO
    Following Sandeep Bakhshi's appointment as ICICI Bank Chief Operating Officer on Monday, the private lender on Tuesday appointed N.S. Kannan as the Managing Director and Chief Executive Officer (CEO) of ICICI Prudential Life Insurance Company, "subject to regulatory and other approvals".
     
    Kannan, an Executive Director at ICICI Bank succeeds Bakhshi, who was on Monday appointed as the Wholetime Director and Chief Operating Officer (COO) designate of ICICI Bank.
     
    The top level management rejig comes after the Bank's MD and CEO Chanda Kochhar decided "to go on leave till the completion of the inquiry" which has been set up to investigate allegations of conflict of interest that have been levelled against her.
     
    According to the firm, ICICI Bank Board recommended to the Board of Directors of ICICI Prudential Life Insurance Company to appoint Kannan as the Managing Director and Chief Executive Officer (CEO).
     
    "The Board of Directors of ICICI Prudential Life Insurance Company Limited has appointed N.S. Kannan, Executive Director at ICICI Bank, as Managing Director and Chief Executive Officer of the company with effect from June 19, 2018, subject to approval of IRDAI and members of the company," the bank said in a statement.
     
    "Pursuant to the aforesaid movement, we wish to inform that N.S. Kannan ceases to be the Executive Director of ICICI Bank Limited effective close of business hours on June 18, 2018."
     
    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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