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Stocks fall for sixth straight day

Nearly 10 lakh policyholders in limbo over maturity benefit

Payments against claims of around 10 lakh policyholders are hanging in the balance as 29 life insurance companies are not clearing dues owing to a liquidity crisis, official figures showed.

24,605 complaints filed against 14 insurers in 10 months

More than a dozen life insurance companies settled only 14.09 percent of the 24,605 complaints they received in the first 10 months this year, creating uncertainty about whether policyholders will get back their money, official figures showed.

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