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ICICI
ICICI Prudential Life on Monday said it has simplified the claim settlement process for nominees or beneficiaries of individuals affected by the Wayanad landslide tragedy. The processing of claims, including those covered under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), will be done based on just three basic documents which are required to be submitted by nominees to settle claims, the insurer said in a statement. These are bank account numbers with IFSC codes or cancelled cheque copies of the bank account, death certificate issued by the local municipal authorities. In case the death certificate is not available, the list of deceased issued by hospitals, government authorities or police will be accepted. Basic documents also include copy of valid KYC documents such as PAN card/ Form 60, recent photograph, any one of officially valid documents (Aadhaar card, passport, driving license, voter ID, NREGA Job card or letter issued by the National Population Register). "All ..
The Allahabad High Court has directed the chairman of the ICICI Bank to personally explain how its officials engaged recovery agents in a loan case despite a prohibition on it by the apex court. Hearing a petition by Jasminder Chahal and three others, all of whom are ICICI officials, Justice Prashant Kumar said, "The officers of the ICICI Bank were very well aware of the fact that they cannot engage any recovery agent, and yet they engaged the services of recovery agents in the year 2013, which is six years after passing of the judgment by the Supreme Court". The Supreme Court in the matter of ICICI Bank Ltd. Vs. Prakash Kaur (2007) had categorically held that the banks will not use the services of the recovery agents to recover the bank loans and they have to follow the procedure laid down under the law. As the chairman of ICICI was not a party in the petition filed under Section 482 (inherent powers of the high court), the court permitted the applicants to make him a party in the