-Newsclick.inGovt is repeatedly turning to LIC for its disinvestment agenda. The insurer's NPAs have doubled since the Modi regime took over, and now there is the possibility of it bailing out debt-ridden IL&FS. Since 2014, the Life Insurance Corporation of India (LIC) has spent, at least, Rs 48,000 crore so that the Narendra Modi government can meet its disinvestment targets.Meanwhile, the non-performing assets (NPAs) of the country?s largest insurer have...
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Health insurance firms are denying us coverage, some organ donors allege -Priyanka Vora
-Scroll.in Doctors say that this could discourage others from donating their organs. In 2009, Dr Ravi Wankhede, a pathologist and resident of Nagpur, donated one of his kidneys to a friend. Wankhede saved his friend’s life but his altruism might have cost him his health insurance. When Wankhede turned 65 two years ago, his health insurance company told him that his policy could not be renewed because the company does not cover...
More »Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)
-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...
More »Now, Aadhaar mandatory to access LIC policy online -TK Rohit
-The Hindu Raises questions about violation of SC orders and insurance regulator’s norms Chennai: Despite the government extending the deadline for linking Aadhaar to various services to March 31, 2018, many insurance companies are insisting that customers part with their Aadhaar details for accessing their services. Principal among such insurers is the Life Insurance Corporation of India (LIC), whose newly designed web portal requires mandatory registration of policy holders’ Aadhaar details to even...
More »The Centre Has Abdicated Its Responsibility to Farmers Through Its Pricing Policies -Kavitha Kuruganti
-TheWire.in The insurance coverage in 2015 was 22.3%, with a government expenditure of Rs 2,955 crore. But by spending 4.5x since, how does the government admit to a coverage of only 23%? Farmer suicides and agrarian distress have likely never been among the national public debates as they are right now. A group of Tamil Nadu farmers, whose protests in New Delhi were dubbed ‘bizarre’ but who were actually desperate for debate and...
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