-The Times of India CHENNAI: Many customers only realise at the time of making a claim that their health insurance policy does not cover certain medical conditions or ailment. Policy holders usually depend on what has been told to them by their insurance agents, who sometimes overstate the coverage. To prevent such cases, the Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to group together all policy exclusions...
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Polavaram is reaping the Jan Dhan benefit -Gunturi Naga Sridhar
-The Hindu Business Line The scheme has made life easier for the people of this Andhra Pradesh village, one of the first in the state to have 100 per cent financial inclusion. But the local experience also throws up a few questions relevant nationally, reports Gunturi Naga Sridhar Fourty-year-old M Ravamma, from Polavaram, a village in the Krishna district of Andhra Pradesh, had a nightmarish experience two months ago. Her husband complained...
More »Govt eyes post offices, kiranas for pension plans -Sidhartha
-The Times of India NEW DELHI: After the success with opening bank accounts and two insurance schemes, the government is lining up a major push for retirement savings under its financial inclusion programme. The finance ministry has begun talks to rope in 1.5 lakh post offices along with kirana shops and chemists to sell pension plans with an assurance of minimum returns. Sources told TOI that the department of posts, which is...
More »Centre for all-round use of Aadhaar card -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Centre on Tuesday came to the Supreme Court along with several important organizations and made an impassioned plea for permitting voluntary use of Aadhaar cards held by 90 crore citizens to accurately identify beneficiaries for welfare schemes. They wanted modification of the SC's August 11 interim order limiting the use of Aadhaar card only for LPG subsidy and ration through public distribution system. A bench...
More »Parliamentary panel pushes for law to jail errant builders -Shalini Nair
-The Indian Express Seeks stringent provisions in new law, says financial penalty is no deterrent since burden passed on to buyers. The Parliamentary Select Committee for the Real Estate (Regulation and Development) Bill 2013 is likely to push for more stringent clauses that may lead to imprisonment of builders if they do not fulfill their obligations to home-buyers. After holding public consultations across the country, several members of the panel are of...
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