LIC Rejected Five Claims Over Diabetes; NCDRC Orders Rs 61.5 Lakh Payout
A Mumbai mother’s 12-year fight ended with the consumer commission allowing all five policies and rejecting LIC’s allegation that her son had hidden diabetes from the insurer
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The proceedings dropped by Sebi in its latest order originated from a show cause notice (SCN) issued in October 2024. The notice was issued following a probe into share transactions between Max Financial, Max Life, and Axis Bank between the financial year 2009 to 2022
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The Securities and Exchange Board of India introduced life cycle funds on February 26, 2026. They are also called target date funds as they are designed to align with an investor’s future goals. They provide a diversified portfolio that shifts its asset allocation over time
A Mumbai mother’s 12-year fight ended with the consumer commission allowing all five policies and rejecting LIC’s allegation that her son had hidden diabetes from the insurer
The Bengaluru taxpayer said he discovered the proceedings while preparing for a foreign visa, but the ITAT found his explanation for the long delay inadequate
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The measures cover pending dearness allowance, surrendered leave payments and higher pensions for older pensioners, with additional annual spending of around Rs 2,880 crore
