Life Insurance Corporation of India who boasts that everylife is insured with them has behaved in a manner that NOTHING IS INSURED when dealing with them.Regarding the above housing project of LIC they have now informed the allottees that they have terminated the project stating the reason the project not viable for LIC. The allottees are now fearing that there is a foul play and the failure from the part of LIC in performance of a contract entered with the public has triggered wide spread protest.
The LIC under the scheme invited applications from Indians including NRI's during October 2006 and the cost of application was Rs150/-The response was very high and LIC selected the alloottees througha Lucky Draw held on 22.04.2007.The cost of the flat was fixed at Rs20.46lac minimum and Rs25.73 lac maximum depending upon type of flat.LIC has accepted even the First instalment of sale price from the allottees whichranges from Rs4.70lakhs to Rs5.50lakhs.There were 52 allottees and from this one can understand the huge volume of money mobilised from the public and a Govt: institution finally shedding the project siting reason NOT VIABLE.There is a clear violation of the stipulated terms and conditions of the project.
A foundation stone was laid on December 18,2006 and now they have removed the same.So this is published to make aware the public that Nothing is Insured with LIC that tomorrow -- will they be saying that a particular insurance scheme is not viable and therefore we are returning the money to the policy holders?
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| Definition: | (adjective) (Used of persons or behavior) characterized by or indicative of lack of generosity. |
| Synonyms: | mingy, tight, mean |
| Usage: | The necessity of disbursing passage money for all his tribe seemed to disturb him in a manner that was the more striking because otherwise he gave no signs of a miserly disposition. |
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  Gastroesophageal Reflux DiseaseGastroesophageal reflux disease (GERD) is a chronic condition in which the lower esophageal sphincter allows gastric acids to move up into the esophagus. The disorder can cause heartburn, esophagitis, and chronic chest pain and has been linked to laryngitis, pulmonary fibrosis, and asthma. GERD affects children as well as adults, and it is estimated that up to 35% of babies born in the US struggle with reflux. When do most babies outgrow the disease? More... Discuss |
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 US Federal Court Rules to Release Ezra Pound from Mental Hospital (1958)An influential American poet and literary critic, Pound spent most of his life in Europe. At the end of WWII, he was arrested for treason by the US for making public broadcasts in Italy supporting anti-Semitism and Fascism. Judged insane, he was committed to a hospital in Washington, DC, until Ernest Hemingway and other friends secured his release 12 years later. In the early weeks of his incarceration, he began showing signs of a mental breakdown, possibly as a result of being locked in what? More... Discuss |
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 Leopold Anthony Stokowski (1882)Stokowski was a legendary British-American conductor whose strong advocacy of new music helped to broaden American musical taste. He conducted and toured with the Philadelphia Orchestra for more than two decades, transforming it into a world-class ensemble and creating the lush "Philadelphia sound." He made three films, including Walt Disney's Fantasia, in which he also appeared. What made the "Philadelphia sound" so unique? More... Discuss |
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