Insurance without permission, complaints against banks

For central government insurance schemes, some banks withdraw money from customers' accounts without their permission; After that there are allegations of obtaining fake approval.

Insurance schemes

The list of insurance schemes includes the 'Pradham Mantri Jeevan Jyoti Bhima Yojana' and the accident insurance scheme 'Pradham Mantri Suraksha Bhima Yojana'. Similar complaints have been raised against the central government's pension scheme 'Atal Pension'.

All these schemes were launched by Prime Minister Narendra Modi in May 2015 to provide financial security to the poor. The premium for these plans is very low. In Pradham Mantri Jeevan Jyoti Bhima Yojana, the annual premium is Rs 436.

The premium in Pradham Mantri Suraksha Bhima Yojana is just Rs 20. As per Jeevan Jyoti Scheme, Rs 2 lakh is paid to the nominee in case of death of policyholder due to any reason.

In case of death due to accident, under Suraksha Bhima scheme Rs 2 lakh and serious injury cover of Rs 1 lakh is provided. In terms of Atal Pension Scheme, monthly pension of up to Rs 5,000 is provided after the age of 60 according to the amount paid by the policyholders.

Bank employees have used fake data to enroll people in insurance plans without the consent of the policyholder or account holder.

Also, it is said that the bank employees have done this because the government is pressuring them to include more customers in these schemes.

From the head office of the banks to the regional and zonal offices, there have been complaints of this malpractice.

Comments

At one time, the tax rate in India was 97.50

Many feel that foreign countries tax the rich very heavily and India does not. But did you know that at one time India had to pay 97.50 percent of income tax? Indira Gandhi What is the historical tax rate in India Debates such as distribution of wealth and introduction of inheritance tax have arisen and are currently being discussed in a frenzy. But, in our country, 50 years ago, maximum tax was collected up to 97.50 percent. There was such a period in India. During Indira Gandhi's tenure as Prime Minister, income tax in India was as high as 97.50 percent. However, this collection came to an end shortly after. Indira Gandhi saw taxation as an important mechanism to balance income and wealth. Based on this, in February 1970, he presented the budget in Parliament and addressed it. Social welfare was the theme of the budget. Since the green revolution was taking place, various announcements related to the agriculture sector were included in the budget. A huge sum...

Why stock market investment tips don't work in india

It is said that proper research and analysis are necessary for direct investment in stocks. However, many investors seek tips that point to stocks that can be profitable. Stock market why stock market investment tips don't work properly Although they attract recommendations to buy or sell specific stocks, they can cause problems in practice. Especially now, with the influence of social media, stock recommendations are followed by many people. Let's look at the problems in investing in stocks based on tips. Stock Guidance: It is natural to be interested in knowing stocks that can win among thousands of stocks. But finding them is difficult. That is why many people believe that investment tips will answer this. These tips do not contain investment-related guidance. New Trends: Not only stocks, but also mutual fund schemes are given tips. These are like the technology sector is the future or the pharmaceutical sector is now safe. The basics of this strategy and th...

India will be the global gold price setting body

New Delhi: India is planning to become a gold price setter, the Chamber of Commerce of India said at a gold and gemstone conference. The industry said at the event, Gold price India will emerge as a country that sets gold prices India is a global gold price s etter. Instead, it should become a gold price setter. Domestic mining will help in this. Domestic production will meet 20 percent of the country's gold demand in the next decade. Due to insufficient domestic gold production and the lack of a gold banking system, we have to depend on the London market price. In the next 2-3 years, India will emerge as the world's jewelry hub. Gold and jewelry purchases should be honest and transparent. The Indian Standards Institution plays a key role in determining the quality of gold. Similarly, the OECD and London Bullion Market Association standards can also be adopted or equivalent standards can be developed. Similarly, the ban on the export of 24-carat gold from India h...

22k jewelers

Search This Blog