INSURABLE INTEREST
Life insurance companies hold Rs 22,237 crore in unclaimed funds – Here's why no one is claiming it
In India, life insurance companies had Rs 22,237 crore in unclaimed funds at the start of 2023-24. The IRDAI's June-November 2023 campaign retrieved over Rs 1,018 crore. Issues arise when non-family members are beneficiaries, causing complications and cautiousness among insurers. Legal heirs still have claims to the money.
What is insurable interest?
Insurable interest in the property or life is the basis of insurance policies. The essential thing is that there must be some property, right, life or potential liability capable of being insured.
Why you should not make non-family member nominee in life insurance policy
You should not make non-family member as a nominee because it will be difficult to prove insurable interest.
Bengaluru’s unsold residential inventory hits record high at Rs 85K cr
Bengaluru’s unsold stock was recorded at 1.01 lakh units amounting to about Rs 85K cr due to lower economic sentiment, indicating a glut in the larger market.
IT department restructures its cadre in Bihar and Jharkhand
Income Tax department has restructured its cadre in Bihar and Jharkhand under which a new post of Principal Chief Commissioner has been created.
UPSC: ‘Anti-Hindi bias’ argument behind row over CSAT
UPSC students being detained by the police during a protest demanding roll back of CSAT from civil services examinations on July 25.
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Free agent: The first mascot of sexy football
The best three footballers in history, it is widely agreed, are Pele, Diego Maradona and Cruyff. Pele and Maradona won the World Cup.
Three Congress MLAs join TMC, one CPI-M legislator switches side
This takes the total number of Congress MLAs who switched sides to the TMC since the 2011 Assembly poll to seven.
Wreck-diving compels new pursuit for Indian adventure junkies
Mumbai-based Karina Tourism and Adventures (KTA), is organising tours of the Inket, a Japanese ship that sunk during World War II in the Andamans.
Christie’s IQ van Regteren Altena auction on July 10 collects $22,615,412
Master Drawings to appear on the market in over a generation will stand as a landmark auction in the history of Old Master Drawings sales.
Rail Budget 2014: Prithviraj Chavan slams rail budget, says Centre apathetic to Maharahstra
Chavan said that rail budget has completely let down Maharashtra and that he was feeling "terribly disappointed" by the "apathy" of Centre towards the state.
Rail Budget 2014: Number of AC First Class, AC 3 tier passengers dropped in FY14
Amid railways eyeing higher revenue from travellers in air conditioned coaches, the number of passengers in AC First Class and AC 3 Tier registered a decline in 2013-14.
Barack Obama worst US President since World War II: Poll
America would be better off if Republican Mitt Romney had won the 2012 presidential election, 45% of voters say, while 38% say the country would be worse off.
ET review: Canon G1X Mark II
Canon’s G1X Mark II is the latest in a long line of capable (and expensive) bridge cameras — they have all the features you would find in a DSLR but in a smaller size.
Quick getaway destinations from Mumbai, Delhi and Bangalore
Trek through the nature trails in and around the hills of Mahabaleshwar. A short drive from the main town is the beautiful Venna Lake.
Capital question
The distribution of wealth is one of today’s most-widely-discussed and controversial issues…. Let me say at once that the answers contained herein are imperfect and incomplete.
Small towns to see more hiring in telecom sector: Experts
Moreover, retention of employee is also becoming one of the major challenges in metro cities as high attrition inflicts a lot of recruitment, training and development cost on the cos.
Won’t support Third Front, let them back us: AK Antony
Congress leader and defence minister AK Antony is on a campaign in his home state. He spoke to TNN during the tour.
ET Review: Fujifilm X-E2
latest from Fujifilm’s acclaimed X series of cameras, the X-E2, offers an APS-C sensor with interchangeable lenses in a compact, well built body with beautiful retro design.
Tony Benn, Labour Minister who divided Britain, dead
Tony Benn, the UK Labour Party politician who served in the governments of Harold Wilson and James Callaghan and was a prolific diarist, has died. He was 88.
Dreamliner problems: Boeing likely to submit action plan
Boeing is likely to submit a time-bound action plan to fix the perennial technical problems being faced by the Dreamliners in Air India's fleet to aviation regulator DGCA next week.
What visa, Nancy Powell met Narendra Modi in regular course: Senior BJP leader Jaswant Singh
Jaswant Singh says US Ambassador to India Nancy Powell’s outreach to his party’s prime ministerial candidate Narendra Modi was just another day on the job for her.
On Valentine's Day, here's how you can get 'love-locked'
On Valentine’s Day eve, ET-Travel celebrates true love — the universal emotion that makes the world go round
Anand Sharma defends solar mission's focus on domestic content
The govt will respond to any U.S. trade action it, a day after Washington said it would take them to WTO in order to gain a bigger foothold for U.S. manufacturers in its fast-growing solar products market.
US challenges India's solar export restrictions
Froman said the US has requested WTO dispute consultations with India concerning domestic content requirements in Phase II of India's Solar Mission.
Manmohan Singh hopes Parliament will function smoothly
"I sincerely hope that Parliament will create an environment in which all sections of the House can work together to pass these bills," Singh said.
IIHT Cloud: With Dell's solutions, Indian training provider achieves 65% growth in customer base
Dell designed a software defined networking (SDN) approach to its cloud services built on Dell Networking core switches, Dell PowerEdge servers and Dell PowerVault storage.
RBI grants special to CCIL as counterparty
RBI granted the status of a Qualified Central Counterparty (QCCP) to Clearing Corporation of India Ltd in the Indian jurisdiction.
HCC wins Rs 1,597-crore contract for hydro project in Uttarakhand
The company recently completed three hydel power projects in Jammu & Kashmir including URI stage II, Chutak HEP and Nimoo Bazgo HEP.
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