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12 Dec
Which Insurance policies should the corporates buy, a Finance manager’s guide
It took the turn of the Century for the Indian subconscious to rekindle its business appetite which had helped them lead the world trade from 800 AD to 1300 AD. The spate of startups declared to the
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11 Dec
THE INDIAN RISK APPETITE
It took the turn of the Century for the Indian subconscious to rekindle its business appetite which had helped them lead the world trade from 800 AD to 1300 AD. The spate of startups declared to the world that every Indian is born with a fire in his belly with great risk taking ability. Probably the same risk appetite keeps the average Indian believe that nothing bad can happen.
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Most desi IT companies sued for staff bias in 2018
BENGALURU: A recap of lawsuits filed in 2018 against IT services companies varied from employment discrimination to deficiency of services and class-action suits, besides a few going into arbitration. Some have settled out of court, but others are in no mood to give up yet. Wipro, for instance, effected a $75-million settlement with its decade-old customer National Grid for release of all claims under a lawsuit the latter filed in a New York district court in 2017.
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US company sues Cognizant for breach of contract
BENGALURU: Cognizant has been sued by Crawford & Company, the US-based independent providers of insurance claims-handling services, for alleged breach of contract.
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Cognizant had been mandated by Crawford to implement PeopleSoft Financials software as part of an ERP project called Project Atlas that was critical to Crawford’s operations. Project Atlas included components for both internal operations and client-facing services. -
Take personal term plan along with group life insurance: Pankaj Razdan
Since my employer is giving a group life insurance policy, should I (32 years old) also give a separate term plan?
– Daksh GangwarPrimary objective of term insurance is to eliminate financial burdens a family might face in case of untimely death of the earning member. It is recommended to have a life insurance cover of 7-10 times of your annual income. It is also essential that you are covered until your retirement age.
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Delay In Filing Insurance Claim No Reason To Reject It, Says Supreme Court
New Delhi: Insurance claims cannot be rejected if the reason for delay in filing it is satisfactorily explained, the Supreme Court has said while granting relief to a man who was denied the claim for his stolen vehicle.
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A bench of Justices R K Agrawal and S Abdul Nazeer said that rejection of the claims on purely technical grounds in a mechanical manner will result in the "loss of confidence of policy-holders in insurance industry".
The observations came as the bench allowed the appeal of a man against the ruling of the National Consumer Disputes Redressal Commission (NCDRC) that insurance firms could deny the claim benefit for delay in filing it.
