FRAUDS – FUTURE APPROACH TOWARDS MONITORING OF FRAUD IN NBFC MASTER CIRCULAR DNBR (PD) CC. No.058/03.10.119/2015-16, DATED 1-7-2015 As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars/notifications. The instructions related to the captioned subject contained in various circulars issued… Read More »
GUIDELINES FOR PERMITTING USE OF MAKE IN INDIA LOGO PRESS RELEASE F.NO.5(46)/2014-BE-III, DATED 21-7-2015 1. The Department of Industrial Policy & Promotion (DIPP), Government of India has launched extensive international & domestic media campaigns under the Make in India initiative. The “Make in India” Logo and other related proprietary material are valuable assets of DIPP.… Read More »
OBTAINING ANNUITY OPTIONS FROM POLICY HOLDERS CIRCULAR NO.IRDA/LIFE/CIR/MISC/140/8/2015, DATED 3-8-2015 It is noticed by the Authority that the Life Insurers are obtaining Annuity Options from the Policy holders prior to vesting date in the case of deferred annuity plans and due to non-receipt of Annuity Option from the concerned policyholders before the vesting date, it… Read More »
Question : Whether in case of dishonour of cheque , person issuing the cheque can claim that the debt or other liability should be in existence on the date of issuance of the cheque before punishing him with imprisonment or fine as per the provisions of Section 138 of the Negotiable Instruments Act, 1881 ? Neither the main… Read More »
bank branch shifting , merger and closure at the discretion of the Bank RELAXATIONS IN BRANCH BRANCH AUTHORISATION POLICY CIRCULAR DBR.NO.BAPD.BC.34/22.01.001/2015-16, DATED 6-8-2015 Please refer to circulars DBOD.No.BAPD.BC.54 and 60/22.01.001/2013-14 dated September 19, 2013 and October 21, 2013 respectively on the above… Read More »
Competition Commission of India (CCI) notifies revised Form I for filing of notice of proposed combination by parties Click to Download Sponsored Book
Understanding Insurance Terms What is Utmost Good Faith? Utmost Good Faith is one of the principles that insurance is based on. It denotes a positive duty of the person seeking insurance to voluntarily disclose accurately and fully, all facts material to the risk being proposed whether requested or not. What is meant by Insurable Interest… Read More »
How is Surrender value calculated in Unit Linked Policy ? Surrender value in Unit Linked Policies is usually expressed as fund value less the surrender charge. What is the method of arriving at NAV for surrenders, maturity claim, switch etc ? In respect of valid applications received (e.g. surrender, maturity claim, switch etc) up to 3.00… Read More »
Why should I buy travel insurance Policy ? To obtain a visa for some countries, overseas travel insurance is compulsory. Even where it is not, it is prudent to obtain a travel insurance policy when you are travelling on business or holiday or for education, research etc as medical treatment costs in many countries are… Read More »
What are the requirements to purchase a property insurance policy ? The proposer of the policy should first and foremost have an interest in the assets being proposed for insurance, i.e. he/she should stand to lose financially in the event of loss or damage to such assets. Secondly, the proposer should submit a proposal form… Read More »