Milind
22 February 2014 at 13:56
Policy - Group Insurance Scheme for L.I.C's agent(GIS)(find more detail on enclosed article)
Decease Agent - DA1
Insurer - LIC
Date Of intimation and claim form submission date - 13/02/2012
Deceased DA1 was the top agent of LIC ,who passed away on January 27,2012 due to road accident and then claimant approached to LIC for earlier settlement of aforesaid claim,However repeated visit to nearby branch office,Insurer replied to claimant that premium for aforesaid policy has been not deducted from Financial Year 2008-09 2009-10,2010-2011 and therefore no claim would be given.
However prior to taking LlC agency DA1 had given all right to insurer for deduction and as mentioned earlier DA1 was the top agent and gained smart commission so there was always enough amount presented into DA1's account for deduction but LIC Branch office said due to technical mistake premium was not deducted.
Having suffered from LIC procedure claimant approached to IDRA and filed a complaint and due to IRDA interference claimant received claim amount after 1 year and 10 months.
and as on IRDA guide line Insurer is liable to pay interest on delayed payment of claim,however when claimant contacted to CRM-LIC they says claim has paid to claimant as ex-gratia Payment and in such case insurer isn't bond to pay interest on delayed payment of said claim.
On this regard claimant again approached to IRDA and requested to escalate existing complaint but they recommended that you may present aforesaid case to insurance ombudsman .
should claimant approach to insurance ombudsman ? or what would be another remedy for this ?
Please download L.I.C -GIS-Booklet from following link, I have tired to upload many times here but donno why it says connection unplugged .
http://www.4shared.com/web/preview/doc/MQ-egYVEba?
Raziya Jakate
21 February 2014 at 18:49
Respected Seniors & Experts
I am working in a company where they dont have provision to issue appointment letter. They issue only Offer letter which contains details about the designation offered, date of joining, probation period, Leaves, Notice period, termination etc just like an appointment letter. But still as per law is it acceptable. Please guide me on this.
Shrikant Parulekar
21 February 2014 at 14:37
Me and my son are partners in a partnership firm. The terms of agreement say equal allocation of profit/loss and equal remuneration to both the partners. Capital is in 90:10 ratio. My question is, in legal terms are we considered as 50:50 partners or 90:10 partners? What is the shareholding of each of us? In case we sell/dissolve our firm then at what ratio the proceeds shall be distributed?
Are there any Court rulings?
muhammed rasik
20 February 2014 at 21:25
Sir/madam
I have taken education loan at 2004,loan principal amount 2.1 lakh. I have paid the total interest 1.1lakh. Now the outstanding balance showing 3.3lakh. In 2014 interim budget mr.chidambaram announced moratorium period for all education loan upto march 31. What does it mean? And please clarify howmuch I have to repay.
Thank you
muhammed rasik
20 February 2014 at 21:19
Sir/madam
I have taken education loan at 2004,loan principal amount 2.1 lakh. I have paid the total interest 1.1lakh. Now the outstanding balance showing 3.3lakh. In 2014 interim budget mr.chidambaram announced moratorium period for all education loan upto march 31. What does it mean? And please clarify howmuch I have to repay.
Thank you
satyadev
20 February 2014 at 17:29
dear experts i have query please reply to me
sir
our registered partnership firm business taken over by one of the partner but not paying my credit balance in firm account on date of dissolution ,i have sent him a lawyer notice also but he had not replied .
what remedy available legally against him to recover my capital amount in firm.
deed also has arbitration clause in it .
now our relation are also not good we dont talk.
please give solution
sudhakar s. yeradkar
20 February 2014 at 16:49
Dear sir,
I have been purchased new bike last year which is still under warranty and time to time informed problems to the company and their dealers while conducting services. The manufacturing company has replaced few accessories as it was their fault. I have been sent several emails to them and in last two emails i have demanded for the replacement of bike or refund of the money with interest.
I would like to know...
1.Exact procedure for filing complaint in the consumer court.
2.Is there time limit for filing complaint from the date of sending emails/letters or notice.
3.Please advise name of the expert advocate from Kalyan,dist.Thane Maharashtra State.
Thanks in advance.
sandeep
20 February 2014 at 13:06
Can a public LTD company accept loans from the relatives of directors.
If YES then what is the sections and Procedure related to that.
kanak jain
19 February 2014 at 12:49
Please provide me resolution and explanatory statement format (commencement of new business as per clause 149(2)(a) of listed public company as per companies act.
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Wastage charged in gold jewellery shops
Dear All,
We are aware that jewellery shops bill us making charges for any gold ornaments we buy. This is quite justifiable since the ornaments are made from pure gold and it is fair to pay the labour as making charges.
There is another component called Wastage billed to the customers which normally ranges from 6% to 18%. How there could be wastage to this extent? do the jewellers indirectly accept that the gold smiths are not competent enough to make the ornaments with out wastage.
Where this wastage gold goes? the gold scraps should also be given to the customers in any form (particles, burr) since we pay for the wastage. Is this the real % of waste during recycling?
Kindly take this piece to concern boards, and these merchants should be fixed with ceilings of wastage or no wastage charges.
This is the place where the customers are getting exploited by paying 118% for 100%.