In a move aimed at improving the efficiency of its processes, the Employees’ Provident Fund Organisation (EPFO) has introduced two significant changes to its claim settlement procedure. These changes are designed to enhance the ease of living for EPF members and facilitate smoother operations for employers. Uploading images of cheques The first measure eliminates the … Read more
Smoking and consuming alcohol can have negative effects on one’s health and also while purchasing health insurance. Many individuals acquire health insurance with the expectation of never having to use it, but with the assurance that the policy will be there to assist in case of unforeseen circumstances. Despite common belief, individuals who smoke and … Read more
An exasperated customer sought help from Union Minister Nirmala Sitharaman after failing to secure a hearing from the insurance ombudsman’s Delhi office over alleged non-payment of his claim. The complainant tagged the finance minister in a post on X (formally Twitter) while sharing a letter mentioning the details of his grievance. “Mam please help us … Read more
My friend and I are in the process of considering term insurance, and a major point of concern for us is regarding smoking and drinking. Every broker has asked us whether we smoke or drink. One of us is a smoker who smokes almost daily, while the other person drinks occasionally on weekends or skips … Read more
The Employees’ Provident Fund Organisation (EPFO) has announced some concessions for processing physical claims of dead claimants who didn’t have their Aadhaar seeded with their accounts. The May 17 circular amended its previous order on September 9, 2020, regarding claim settlement in the absence of the Universal Account Number (UAN) in the case of an … Read more