New LIC rules to prevent fraud

Patna: Life Insurance Corporation (LIC) of India has made submission of proof of identity/residence mandatory at the point of delivering different policy services or policy proceeds.

For different policy servicing functions such as change of address, first-time nomination or change in nomination, assignment/reassignment, revival of lapsed policy, issue of duplicate policy or settlement of claim without original policy document, alteration in policy by way of change in plan/term/sum assured, other alterations transfer of policy records etc, the submission of proof of identity and residence is compulsory.

Similarly, for getting financial services such as loan/further loan payment, surrender payment, maturity payment, death claim payment-proof of identity and residence have to be submitted. The steps would guard against the chances of frauds or cheating of policy holder or the corporation.

Court prod to state

Patna: A high court division bench of Justice Navin Sinha and Justice Shailesh Kumar Sinha on Tuesday sought to know from the state government as to when the detailed project report for repairs and providing civic amenities and other facilities to Mauryalok shopping complex be carried out.

Account camp

Patna: The Bahadurpur Housing Colony branch of Union Bank organised an account opening camp at Krishna Niketan School.

Hunger strike

bhagalpur: Bhagalpur BJP spokesperson Dilip Mishra has threatened to go on an indefinite hunger strike from January 15 to protest against the government’s failure to develop Kahalgaon and Pirpainty blocks of the district.

Server speed

Patna: Bihar Chamber of Commerce and Industries has expressed concern over the slow functioning of server of commercial taxes department.

Appointment

Patna: Suresh Chandra Singh and Babita Verma have been elected as the president and secretary of Rotary Club of Patna Couples respectively.

Farmer concern

Patna: BJP leader Sushil Kumar Modi on Tuesday accused the government of neglecting the cause of farmers.

Exhibition

Patna: Students of PMS Naunihal School, Kankerbagh, took part in a science exhibition at their institution.

Special status

Patna: The BJP claimed that the recent assertion of chief minister Nitish Kumar that the Centre had put the issue of according special status to Bihar in cold storage was confirmation of BJP’s stand on the issue from the beginning.

Case disposal

Patna: Food and consumer protection minister Shyam Rajak claimed that the state consumer forum and district consumer forums had disposed 70 per cent and 86 per cent of the cases filed with them.

Memorandum

Patna: Members of the students’ union of AN College submitted a memorandum to Kerala governor Nikhil Kumar, who was in Patna on Tuesday, to take up their demand to remove the ban on admission to vocational courses.

Retiring rooms

Patna: East Central Railway general manager Madhuresh Kumar on Tuesday inaugurated a new system at platform no. one of Patna Junction allowing passengers to book retiring rooms. The service will be available to those travelling more than 150km.