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10 Important Points of the Cost of Underinsurance

10 Important Points of the Cost of Underinsurance
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Every third claim made to EPFO gets rejected

The rate of rejection by the Employees Provident Fund Organisation (EPFO) rose from 13 percent to 34 percent in 5 years

Bandhan Bank: Bandhan Bank cooperating with NCGTC audit on microloans, confident about claim settlement

According to the Kolkata-headquartered bank, it claimed and received an amount of Rs 917 crore from the National Credit Guarantee Trustee Company Ltd (NCGTC) in December 2022, as only 15 per cent of the insured amount can be sought. Subsequently, the bank made a claim of Rs 1,296 crore in the second quarter of the current financial year, which is also lower than the maximum eligible amount of Rs 3,120 crore.

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