Mortgage financier HDFC Ltd’s long-standing Chairman Deepak Parekh, 77, Friday announced his retirement after spending nearly 45 years at the corporation.
“It is my time to hang my boots with both anticipation and hope for the future. While this will be my last communication to shareholders of HDFC, rest assured we now stride tall into a very exciting future of growth and prosperity,” said Parekh, the major force behind making the HDFC group India’s leading financial services group. “The HDFC experience is invaluable. Our history cannot be erased and our legacy will be taken forward,” Parekh wrote in his last letter addressed to the corporation’s shareholders.
It was under Parekh that HDFC not only emerged as a leader in the home loans business but also transformed into a financial services conglomerate with presence in banking, asset management, life insurance, general insurance, real estate venture fund and education loans.
When business families faced troubles or disputes, they looked to Parekh for his counsel.
He was brought to HDFC by the legendary H T Parekh, his uncle and the founder of HDFC. Parekh joined HDFC in a senior management position in 1978 and was inducted as its whole-time director in 1985. He was appointed as the home financier’s Managing Director (designated as Chairman) in 1993. After retiring from HDFC as the Managing Director on December 31, 2009, he was appointed as a Non-Executive Director of the Corporation with effect from January 1, 2010.
He has served on board of various companies including Siemens Ltd, DP World (UAE), Fairfax Financial Holdings Corporation (Canada) and Economic Zones World FZE (UAE). He is also on the board of National Investment and Infrastructure Fund.
When the Satyam fraud came to light in 2009, Parekh was one of six appointed by the government to rescue the company. He played a crucial role during the restructuring of Unit Trust of India in the late 1990s. Parekh got the Padma Bhushan in 2006.
For more information call us at 9891563359.
We are a group of best insurance advisors in Delhi. We are experts in LIC and have received number of awards.
If you are near Delhi or Rohini or Pitampura Contact Us Here
A judge has ruled that a Utah mother of three who wrote a children’s book about coping with grief after her husband’s death, and was later accused of fatally poisoning him, will remain in jail throughout her trial after her sister-in-law called her “desperate, greedy and extremely manipulative” during a court hearing.
Kouri Richins knelt her head and cried as a detective testified about authorities finding her husband dead and “cold to the touch,” and prosecutors argued the evidence against her was strong enough to deny her bail.
Her case became a true-crime sensation last month when charges were filed as a transfixed public pored over remarks Richins made promoting “Are You With Me?” — the illustrated storybook about an angel wing-clad father watching over his children after passing away.
Kouri Richins knelt her head and cried as a detective testified about authorities finding her husband dead and “cold to the touch,” and prosecutors argued the evidence against her was strong enough to deny her bail. (AP Photo)
A detention hearing on Monday offered both prosecutors and Richins’ attorneys a chance to preview their cases and provide contrasting theories of what happened. Prosecutors called to the stand a detective, a private investigator and a forensic accountant who painted a picture of Richins as having calculatingly plotted to kill her husband, making financial arrangements and purchasing drugs found in his system after his March 2022 death.
In a victim impact statement she read in court, Amy Richins, Eric’s sister, said it was painful for the family to watch Kouri Richins promote “Are You With Me?” and called her actions “betrayal and terror.” “Since Eric’s death, we have learned — and unfortunately are continually reminded — that Kouri is desperate, greedy and extremely manipulative,” she said. “We have watched as Kouri has paraded around portraying herself as a grieving widow and victim while trying to profit from the death of my brother — while trying to profit from a book about his death and trying to get life insurance,” she added.
A judge ruled to keep her in custody for the duration of her trial. (AP Photo/Rick Bowmer, Pool)
Richins’ attorneys argued the evidence against her was both dubious and circumstantial, noting that no drugs were found at the family home after the death and suggesting the state’s star witness — the housekeeper who claims to have sold Richins the drugs — had motivation to lie as she sought leniency in the face of state and federal drug charges. “They provided evidence to her, essentially, until she got it right,” Skye Lazaro, Richins’ attorney, said of police interviews with the housekeeper.
While a handcuffed Richins shook her head in defiance, prosecutors questioned the detective about the housekeeper who claims to have sold her fentanyl weeks before it was found in her husband’s system and the family’s “bug out bags” full of emergency provisions and passports they suggested made her a flight risk unsuitable for bail.
She huffed as they questioned the private investigator about the search history on her devices — including for “luxury prison for the rich” and the information disclosed on death certificates. And with members of both sides of the family sitting in the court gallery behind them, they asked the forensic accountant about Richins’ personal financial struggles and the millions of dollars at stake in her husband’s estate.
“One or two pills might be accidental. Twenty — or five times the lethal dose — is not accidental. That is someone who wants Eric dead,” Summit County Chief Prosecutor Patricia Cassell said.The detention hearing built off court documents in which prosecutors allege Richins slipped the fentanyl into a Moscow mule cocktail she made for her husband, Eric Richins, amid marital disputes and fights over a multimillion-dollar mansion she ultimately purchased as an investment.
The court documents paint a picture of a conniving woman who tried to lethally poison her husband multiple times, including on a vacation to Greece and on Valentine’s Day weeks before his death. Witnesses interviewed as part of the investigation allege in February 2022 she laced a sandwich made for him with hydrocodone.
She repeatedly denied her involvement on the day of his death in March 2022, even telling police, “My husband is active. He doesn’t just die in his sleep. This is insane.” In court filings, Richins’ attorneys say prosecutors “simply accepted” the narrative from Eric Richins’ family that his wife had poisoned him “and worked backward in an effort to support it,” spending about 14 months investigating and not finding sufficient evidence to support their theory.
She said the prosecution’s case based on Richins’ financial motives proved she was “bad at math,” not that she was guilty of murder.“Being bad with money does not make you a murderer,” Lazaro said.The case has shined a spotlight on the communities on backside of Utah’s Wasatch Mountains near Park City, one of the American West’s preeminent destinations for skiing, hiking and outdoor recreation.
The couple and their three sons lived in a new development in the town of Francis, roughly 50 miles (80 kilometers) east of Salt Lake City. They argued over whether to purchase an unfinished, 20,000-square-foot (1,860-square-meter) mansion in nearby Midway Utah, according to court filings.
If the case goes to trial, it will likely revolve around financial and marital disputes as possible motives. In addition to arguing over real estate, prosecutors also say Kouri Richins made major changes to the family’s estate plans before her husband’s death, taking out life insurance policies on him with benefits totaling nearly $2 million.
For more information call us at 9891563359.
We are a group of best insurance advisors in Delhi. We are experts in LIC and have received number of awards.
If you are near Delhi or Rohini or Pitampura Contact Us Here
A 55-year-old woman, wife of former Congress MLA Rajesh Lilothia, died after she was hit by a car in North Delhi’s Kashmere Gate Monday morning. Police have arrested the accused, a 22-year-old man.
Police said they received a PCR call stating the woman’s car was hit by an SUV, following which a team was sent which found a Baleno car at the spot.
The victim was rushed to AIIMS Trauma Centre where she was declared dead around 6.03 am.
During investigation, the identity of the deceased was established as Madhu Lilothia. Information of the accident was immediately shared with her relative and later, it was found that she was the wife of the former MLA.
Accordingly, a case under IPC sections pertaining to causing death by negligence and driving in a negligent manner was lodged at Kashmere Gate police station and investigation was taken up.
DCP (North) Sagar Singh Kalsi said local sources were deployed and CCTV cameras were scanned from Anand Parbat to Shahdara flyover, as a result of which they managed to trace two vehicles and identified the offending vehicle as a Maruti Brezza.
“The offending vehicle was traced to Seelampur and it was in the name of Zainul, a resident of New Seelampur. During questioning, he confessed to his involvement in the accident case and stated that it took place during the morning hours and fled to evade arrest,” said the DCP.
For more information call us at 9891563359.
We are a group of best insurance advisors in Delhi. We are experts in LIC and have received number of awards.
If you are near Delhi or Rohini or Pitampura Contact Us Here
From rifles to pistols either for hunting, amateur shooting or solely for personal protection, gun houses in North Delhi’s Kashmere Gate — the capital’s hub — had it all. Business, however, has taken a hit recently. The reason: A reduction in issuance of arms licences, as well an increase in rejection of such applications, by the Delhi Police.
As per police data, the number of licences issued in 2022 and 2021 was much lower than that in previous years. Out of the 1,390 applications received in 2022, almost 43 per cent or 602 were rejected and only 77 were approved. The rest are pending. In 2021, there were 476 rejections and 97 approvals out of 2,007 applications. In contrast, in 2019, 815 were approved and there were 736 rejections out of 1,754 applications. The previous year 2018 saw 577 applications being approved and 389 rejected out of 2,648 applications received.
Senior officers had said the low number of new licences and high rejections can be attributed to the stringent criminal verification system to ascertain an applicant’s profile and necessity to be allowed access to a weapon.
Struggling with a dwindling customer base, gun houses in the area are now down to half while employees have been reduced to a handful. Stocked weapons, meanwhile, gather dust inside glass panels. To sustain business, owners are now taking to supplying weapon covers or simply shutting shop.
RK Gupta, general manager at Garg Armoury, a gun house set up in 1949, told The Indian Express: “In the 90s, gun houses, with an elaborate clientele and dozens of employees, used to line Church Road… but now all we do is stare at the weapons, something that once used to be a prized possession.”
Overseeing an employee taking out one among at least a dozen .315 bore rifles from the glass panel to clean it with a cleaning swab and gun cleaning oil, Gupta added that he is unable to recall his last sale. “We are lucky to get even a single customer in a day…”
Located between several hardware shops, Garg Armoury currently stocks around 150 weapons, including .32 bore pistols and .315 bore rifles, most of them sourced from government ordinance factories located in Uttar Pradesh and Haryana.
Said Gupta: “We cannot hand over a weapon to anyone without a licence. With the number of arms licences being issued seeing a significant dip over the past few years, a turnover of at least Rs 50 lakh-Rs 60 lakh a month solely from weapon sales has been reduced to losses worth more than that… This is compounded by the fact that we have to pay rent for our shops, besides ensuring daily maintenance of the legacy weapons, some of which develop rust from lying idle over a long period of time.”
Incidentally, said Gupta, sales of air guns is seeing a stable, if not increasing, rise. “Air rifles of .177 calibre do not require a licence; a customer only has to show his or her ID card to buy the same, which is why it is easier to procure… Air guns with .224 calibre, however, require a licence, these are not popular among our clientele,” he explained.
Situated just above Garg Armory is Singh Arms Corporation, the oldest gun house in the city, run by 85-year-old Charan Pal Singh Ghei since 1948.
Ghei, who is also president of the Delhi Arms Dealers Association, said: “There are only five gun houses currently operating in Kashmere Gate, whereas it used to be nearly 10… we have had multiple discussions with the licensing unit of the Delhi Police about our grievances but nothing seems to change… we cannot oppose low issuance and high rejection of arms licences as it is governed by the law, but gun houses, at least those which are running as part of their family legacy, are becoming its casualties.”
Recalling the initial days when several gun houses were being set up in the area, Ghei said weapons, mostly rifles, used to be bought by a niche and elite crowd for hunting or activities pertaining to amateur sports. “Now, even those which are sold are pistols, mostly for personal protection… and survival of traditional businesses has been severely hit,” said Ghei.
A police officer said 20 gun houses are currently functional in the city while around 25 were functional till two-three years ago.
Ghei has now switched to selling pistol and rifle covers. “Since my shop is not making any money from selling weapons, we have started manufacturing and selling leather weapon covers and even dog collars both in retail and on online platforms to sustain the shop… Meanwhile, the weapons, something my shop is known for, will carefully be kept stacked inside their glass coffin, waiting for a customer,” he said.
For more information call us at 9891563359.
We are a group of best insurance advisors in Delhi. We are experts in LIC and have received number of awards.
If you are near Delhi or Rohini or Pitampura Contact Us Here
The Delhi Legislative Assembly’s Petitions Committee has summoned Delhi Chief Secretary (CS) Naresh Kumar, Divisional Commissioner Ashwani Kumar and IAS officer Ashish More on various charges on Wednesday.
More, former Secretary of the Services department, has been summoned on charges of enabling the illegal transfer of Evacuee Land in north Delhi.
In addition to the allegations against More, the CS and Divisional Commissioner have been summoned in connection with alleged irregularities in the functioning of OPD counters in government hospitals and old-age pension investigated by the committee previously.
Last year, according to the panel, five Sub-Divisional Magistrates and an Additional Divisional Magistrate were suspended over alleged land transfer fraud in Jhangola Village. The committee noted that More had used “the same method to transfer the same type of land in the same village”, that is, Evacuee Property belonging to government, which was “illegally transferred” and people given Bhumidhari rights over it.
While being posted as District Magistrate, North, More, the committee noted, decided appeals pertaining to the allegedly illegal land transfers. The files asked for by the committee in the matter were yet to be submitted despite the seven-day deadline already over, it added.
Meanwhile, another IAS officer, Special Secretary, Services, YVVJ Rajasekhar, sought more time to respond to accusations of seeking monetary benefits for proceeding with routine appointments in Delhi government departments on compassionate grounds. He has been accused of allegedly subjecting a potential SC beneficiary to casteist remarks. “At the outset, I must say that this kind of complaint against me is far from truth, biased and they are made in the context of my correspondences with Hon’ble Minister (Vigilance / Services) regarding various issues…in the aftermath of the judgment of Hon’ble Supreme Court dated 11.05.2023 and the… Ordinance promulgated by Union of India dated 19.05.2023…” Rajasekhar responded.
According to Rajasekhar, the compassionate appointment of any government employee was a “Service Matter” and these, he stated, were outside the purview of the Delhi Assem-bly/Committee under provisions of the Government of National Capital Territory of Delhi Act. 1991 “as introduced through the Government of National Capital Territory of Delhi (Amendment) Ordinance, 2023” and neither had jurisdiction in the matter.
“Be there as it may, the undersigned would like to appear and clarify about the complaint for the sake of transparency and individual probity…it is requested and prayed that the undersigned may be given two weeks time to appear so that the undersigned will be in a position to ascertain the records and appear with all facts with respect to alleged complaint against me,” he stated.
In the meantime, Rajasekhar requested that the committee take a sworn affidavit from the complainant in the case making them liable to imprisonment for six months, a fine of up to Rs 1,000, or both, if their complaint was found to be false.
For more information call us at 9891563359.
We are a group of best insurance advisors in Delhi. We are experts in LIC and have received number of awards.
If you are near Delhi or Rohini or Pitampura Contact Us Here
As the CBI took over the Odisha train accident investigation, authorities in Odisha began addressing the challenge of identifying unclaimed bodies of the deceased. The central probe agency was roped in after a preliminary inquiry flagged tampering with the electronic interlocking system, which detects the presence of trains, and officials suspected “sabotage” behind the Friday accident.
A 10-member CBI team, which is in Odisha to probe the triple train accident, inspected the tracks, signal room and talked to railway officials at Bahanaga Bazar station in Balasore district on Tuesday.
At least six officers The Indian Express spoke with said the Coromandel Express took the loop line instead of the main line and collided with a goods train most likely because of “tampering of the location box” near the Bahanaga Bazar railway station.
So far, the collision of the Coromandel Express with a goods train and the Bengaluru–Howrah Superfast Express has resulted in 278 casualties and over 1,200 people have been injured.
Meanwhile, AIIMS, Bhubaneswar has started DNA sampling of the claimants as over 100 bodies from the accident lie unclaimed at different hospitals. PTI quoted an official as saying that the bodies have now been shifted to the five containers where they can be preserved for a longer period. The official added there should be no hurry in disposing of the bodies after DNA sampling as they can be preserved in a container for six months.
Experts have been engaged from outside Odisha to embalm the bodies to preserve them for more days. More than 12 anatomy and forensic experts from AIIMS, Nagpur, and Raipur have been engaged in the process.
Of the 278 dead, 177 bodies have been identified while another 101 need to be identified and handed over to their families. Further, the Government Railway Police (GRP) said that around 40 bodies had no visible injury marks and are believed to have died of electrocution.
To help families locate their kin affected by the accident, three online links with photos of those killed and lists of passengers admitted to different hospitals have been prepared. The railways appealed to people to use the three links — link of photos of the deceased ( https:rcodisha.nic.in/Photos%20Of%20Deceased%20with%20Disclaimer.pdf ), link of lists of passengers undergoing treatment in different hospitals ( https://www.bmc.gov.in/train-accident/download/Lists-of-Passengers-Undergoing-Treatment-in-Different-Hospitals_040620230830.pdf ), and link of unidentified persons under treatment at SCB Cuttack ( https://www.bmc.gov.in/train-accident/download/Un-identified-person-under-treatment-at-SCB-Cuttack.pdf ). The Railway Helpline number 139 is working round the clock for connecting the families/relatives of passengers, while the Bhubaneswar Municipal Corporation Helpline number 18003450061/1929 is also working 24×7.
The Odisha government also announced that it will bear the transportation cost of bodies of the triple train accident victims to different states, Chief Secretary P K Jena said. Jena further clarified that the state government has no intention to hide the number of deaths in the accident after the toll was revised from 288 to 275 and then 278. He said the toll was revised owing to the double counting of some bodies.
The government has asked insurance companies to immediately report their exposures in terms of coverage and claim payments towards the victims of the triple train accident. The Department of Financial Services (DFS) has asked the General Insurance Council, the official representative body of general insurers, and Life Insurance Council, the official representative life insurers, to collect data from their members about their exposures to the accident victims by June 12.
The NDRF, whose nine teams withdrew from the accident site on Monday after confirmation that no live or dead victims were present, reported a deep impact on its personnel. Atul Karwal, the director general of the disaster response force, said that an NDRF personnel deployed in the rescue operation has been hallucinating blood every time he sees water while another rescuer reported losing his appetite.
The Commissioner of Railway Safety (CRS) recorded the statements of injured engine driver Gunanidhi Mohanty and his assistant Hajari Behera, who are undergoing treatment at AIIMS Bhubaneswar, officials said. “Both the drivers are stable. While Mohanty was taken out of the ICU on Monday, Behera is awaiting a head surgery,” South Eastern Railway (SER) Chief Public Relations Officer (CPRO) Aditya Choudhury told PTI.
#WATCH | Balasore,Odisha:…”Our goal is to make sure missing persons’ family members can find them as soon as possible…our responsibility is not over yet”: Union Railway Minister Ashwini Vaishnaw gets emotional as he speaks about the #OdishaTrainAccidentpic.twitter.com/bKNnLmdTlC
States pressed their authorites into action to bring back the dead or injured to their hometowns, with a special train arriving in Chennai on Monday, carrying 17 survivors.
The second relief train from Odisha’s Balasore district reached Howrah railway station on Sunday around 2 pm. “The train was carrying six passengers. Three of them were given first aid and one was sent to the NRS hospital and another to Howrah District hospital,” SP Howrah, Pankaj Dwivedi, told The Indian Express.
While Railway Minister Ashwini Vaishnaw remained in Odisha since the accident, Union Health Minister Mansukh Mandaviya also visited the injured at Odisha hospitals. “The nation stands with the families who lost loved ones in the Balasore rail accident. It is time to join hands, stay together, and pray for the swift recovery of injured. My salute to the entire rescue team, security personnel, railway minister Sh. Ashwini Vaishnaw ji, Indian Railways staff, and the Odisha government,” tweeted Union minister Anurag Thakur.
Britain’s King Charles III sent a condolence message to President Droupadi Murmu, expressing his profound shock and sadness over the deadly train accident, recalling his fond memories of a visit to Odisha 43 years ago. “Both my wife [Queen Camilla] and I have been most profoundly shocked and saddened by the news of such a dreadful accident outside Balasore. I would like to express our deepest possible condolences to the families of all those who have so tragically lost their lives,” Charles was quoted as saying in a statement issued by Buckingham Palace.
The Opposition rejected the CBI probe into the accident and 12 political parties, including Congress and Left parties, demanded the formation of a Special Investigation Team and resignation of Railway Minister Ashwini Vaishnaw to pave way for an impartial inquiry. The parties, including Congress, CPI, CPI(M), CPI(ML) Liberation, CPI(ML) Red Star, All India Forward Bloc, Samajwadi Party, RJD, NCP, RPI, AAP and Samata Kranti Dal.
Congress president Mallikarjun Kharge Monday wrote to Prime Minister Narendra Modi saying law enforcement agencies cannot fix accountability for technical, institutional and political failures. “The CBI is meant to investigate crimes, not railway accidents. The CBI, or any other law enforcement agency, cannot fix accountability for technical, institutional and political failures. In addition, they lack the technical expertise in railway safety, signalling, and maintenance practices,” Kharge said in his four-page letter.
During his US tour, Congress leader Rahul Gandhi claimed that the only ideology that the BJP espouses is to make excuses not accept the reality. Addressing the Indian diaspora in New York, Rahul said in the wake of a similar train tragedy when the Congress was in power at the Centre, the then minister in charge of the Railways had owned moral responsibility and resigned.
Banerjee slammed the Railway Board’s decision to hand over the inquiry into the Odisha train accident to the CBI saying that “it is not the time to suppress the truth”. The West Bengal CM said, “We want people to know the truth. It is not the time to suppress the truth. I also gave Gyaneshwari Express case to CBI but no result came. 12 years over, but we see no result. CBI handles criminal and accident cases. The Railway Safety Commission is there,” she further remarked.
Among the first responders to accident were a schoolboy who helped the injured contact their families as his mother provided first-aid, a pharmacy store owner who administered free tetanus injections, a group of villagers who hand-stitched empty cement bags to make ‘stretchers’ to carry the injured and a retired government employee who took care of about 50 children through the night. PTI also reported about a medical representative from West Bengal’s Midnapore town who helped seven people reunite with their relatives through social media.
For more information call us at 9891563359.
We are a group of best insurance advisors in Delhi. We are experts in LIC and have received number of awards.
If you are near Delhi or Rohini or Pitampura Contact Us Here
The government has asked insurance companies to immediately report about their exposures in terms of coverage and claim payments towards the victims of the triple train accident in Odishaon June 2.
The Department of Financial Services (DFS) has asked the General Insurance Council, the official representative body of general insurers, and Life Insurance Council, the official representative life insurers, to collect data from their members about their exposures to the accident victims by June 12. The government is planning to shell out the insurance amount through three government schemes.
According to insurance sources, insurers are responsible for three kind of insurance coverage. General insurers, as part of government financial inclusion programme, provide some basic cover under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) through the banks. The coverage under the scheme is Rs 2 lakh for accidental death and full disability and Rs 1 lakh for partial disability. The premium of Rs 20 per annum is to be deducted from the account holder’s bank account through ‘auto-debit’ facility in one instalment.
Similarly, life insurers also through banks provide cover under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY). In this, the policy holder gets life cover of Rs 2 lakh in case of death due to any reason against a premium of Rs 436 per annum. EnrolLments under the scheme are be done by banks or at the post office in case of post office savings bank account.
Besides, Indian Railway Catering and Tourism Corporation (IRCTC) provides optional personal accident cover to the passengers of Indian Railways at a minimal cost — 35 paise — since FY 2021-22 while buying tickets online. IRCTC floats a bidding process and selects couple of general insurers every year for providing this cover and, in FY22, had covered over 16 crore passengers who paid Rs 6.56 crore of premium. One of the insurers for IRCTC’s passengers, SBI General Insurance has said it is dealing with any claims expeditiously and all assistance are being provided to their needy policy holders.
Insurers suggest cover provided through IRCTC online ticket platforms should be made compulsory as the premium is very minimal. The policy provides a coverage of Rs 10 lakh in case of death, Rs 10 lakh for permanent disability, Rs 7,50,000 for partial disability, Rs 2 lakh for hospitalisation expenses for injury.
Almost 90 per cent of tickets of Indian Railways are booked through IRCTC online platform. Life Insurance Corporation (LIC) is one of the largest insurers in PMJJY category.
The railways on Sunday said that even ticketless travellers on board involved in the Odisha accident will receive compensation. This is in line with a Supreme Court order, officials said.
“Irrespective of the passengers being ticketless (or not), they will receive compensation,” a Railway spokesperson had said.
“To mitigate the hardships of the claimants of State Bank of India (SBI) Life policies, the company has taken immediate steps to ease the claim settlement and documentation process which includes receiving alternate valid proofs of the claimants and support the family members of the deceased in this crucial time,” SBI Life said. The kin of the victims can connect with the company officials via email balasoretrainaccident@sbilife.co.in and toll-free number 1800 267 9090.
Liberty General Insurance, IRCTC’s second insurer has also given phone number and e-mail ID for reporting any claims. Roopam Asthana, CEO and Whole Time Director, said, “We remain fully committed to provide quick claims settlement in the face of this tragic event. Our helpline number <+91-9324968286> is a quick point of contact for our policyholders, where a trained team of executives will sensitively guide them with their claim-related issues.” Siddhartha Mohanty, chairperson, LIC, announced many concessions to mitigate the hardships of the claimants of
LIC policies and also of Pradhan Mantri Jeevan Jyoti Bima Yojana. In lieu of registered death certificates, list of casualties published by Railway authorities, police or any state or central government authorities will be accepted as proof of death, he said.
LIC is committed to supporting those affected and will expedite claim settlements to provide financial relief, he added.
The collision involving two passenger trains and a stationary goods train has led to the loss of life of at least 275 people so far and left over 1,100 injured. The accident involving the Bengaluru-Howrah Superfast Express and Shalimar-Chennai Central Coromandel Express, which were carrying around 2,500 passengers, and a goods train occurred near the Bahanaga Bazar station in Balasore. The site is about 250 km south of Kolkata and 170 km north of Bhubaneswar.
For more information call us at 9891563359.
We are a group of best insurance advisors in Delhi. We are experts in LIC and have received number of awards.
If you are near Delhi or Rohini or Pitampura Contact Us Here
National insurer LIC on Saturday announced many relaxations for the claim settlement process for the victims of the Balasore train tragedy. The accident involving two passenger trains and a stationary goods train has led to the loss of life of at least 288 people so far and left over 1,100 injured.
In a late evening statement, LIC chairman Siddhartha Mohanty announced a slew of relaxations to the claim settlement process for the kin of the victims.
“We are deeply saddened by the tragic train accident in Balasore, Odisha on Friday. LIC is committed to supporting those affected and will expedite claim settlements to provide financial relief”, Mohanty was quoted as saying in the statement.
The Corporation also announced many concessions to mitigate the hardships of the claimants of LIC policies and also of the Pradhan Mantri Jeevan Jyoti Bima Yojana. It said in lieu of registered death certificates, a list of casualties published by the Railways, police or any state or Central authorities will be accepted as proof of death.
The Corporation has also set up a special help desk and a call centre number (022-68276827) at the divisional and branch levels to respond to claim-related queries and for providing assistance to claimants.
All efforts will be taken to ensure that the claimants are reached out and claims are settled expeditiously to the affected families, the statement said.
For more information call us at 9891563359.
We are a group of best insurance advisors in Delhi. We are experts in LIC and have received number of awards.
If you are near Delhi or Rohini or Pitampura Contact Us Here
Insurance behemoth LIC on Wednesday posted a more than five-fold jump in consolidated net profit to Rs 13,191 crore for the fourth quarter ended March 2023.
The insurer had earned a profit of Rs 2,409 crore in the same quarter a year earlier.
However, the total income of the insurer during the March quarter declined to Rs 2,01,022 crore from Rs 2,15,487 crore in the same period of the previous fiscal, LIC said in a regulatory filing.
LIC’s income from first-year premium also came down to Rs 12,852 crore against Rs 14,663 crore in the same quarter previous fiscal.
The income from renewal premiums in the reporting period rose to Rs 76,328 crore compared to Rs 71,473 crore a year ago, while the single premium decreased to Rs 43,252 crore from Rs 58,251 crore.
For the entire financial year 2022-23, LIC registered a multi-fold rise in net profit to Rs 35,997 crore from Rs 4,125 crore in the previous financial year.
The board of LIC has recommended a final dividend of Rs 3 per equity share with a face value of Rs 10 each for the year ended March 31, 2023.
Shares of the LIC closed at Rs 593.55 or 0.61 per cent higher on the BSE.
Last year, the government raised Rs 20,557 crore by diluting its 3.5 per cent stake in the LIC through the initial public offering (IPO), the country’s biggest ever.
LIC shares were listed at a discount of 8.62 per cent at Rs 867.20 apiece on BSE over the issue price of Rs 949 a share.
Shares of the LIC closed at Rs 593.55, down 0.61 per cent on the BSE. Investors have lost nearly Rs 2.5 lakh crore since the listing of shares.
The government sold over 22.13 crore shares or a 3.5 per cent stake in LIC through the IPO. The price band of the issue was Rs 902-949 a share. However, shares were allocated to investors on May 12, 2022, at the upper end of the price band.
For more information call us at 9891563359.
We are a group of best insurance advisors in Delhi. We are experts in LIC and have received number of awards.
If you are near Delhi or Rohini or Pitampura Contact Us Here
It took more than a dozen blood droplets splattered on the road for nearly 100 metres to trace a grievously injured 25-year-old man, accused of breaking into an Uber driver’s car and stealing his mobile at knife point along with his co-accused, hiding inside a park.
Officers said that the incident took place Monday around 4:20 AM, when Uber driver Santosh, 35, a resident of Madanpur Khadar, was inside his car in North Delhi’s Sarai Rohilla when two persons arrived on a scooty and broke the side-window glass of the vehicle by hurling a stone at it. They pointed a sharp-edged weapon at the driver and robbed him of his mobile.
DCP (North) Sagar Singh Kalsi said the complainant chased the duo in his vehicle. After a while, the scooty of the robbers fell and collided with the complainant’s vehicle.
“Since both the accused persons were armed, the Uber driver took a turn and made a PCR call, which rushed to the spot. However, the robbers had already fled the spot,” said the DCP.
A team was formed to trace the accused. “Before checking the CCTV footage, police was told by the complainant that one of the accused sustained injuries on his head during the collision…minutes later, we saw a few large blood stains on the road,” said an officer.
The officer said the police kept following the trail of the blood droplets for 100 metres, which eventually led them to a park where Rahul alias Suraj was hiding between two trees. He was taken to a hospital. “The robbed mobile of the driver was recovered from co-accused Imran’s house but he was found absconding,” said Kalsi.
For more information call us at 9891563359.
We are a group of best insurance advisors in Delhi. We are experts in LIC and have received number of awards.
If you are near Delhi or Rohini or Pitampura Contact Us Here
