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On What Basis Insurance Policies Which Exclude Mental Illnesses From Full Coverage Approved?: Delhi High Court Asks IRDA

Delhi High Court last week asked the insurance sector regulator Insurance Regulatory and Development Authority of India (IRDAI) to explain on what basis it granted approval to such insurance policies that excluded mental conditions from full coverage. The Bench of Justice Prathiba M. Singh was hearing the plea of one Subhash Khandelwal who submitted before the Court that he had purchased an insurance policy from Max Bupa Health Insurance Company Limited and that he also paid the insurance premium for the sum assured of Rs.35 lakhs on regular basis. Importantly, he submitted that when he raised a claim with the insurance company in respect of his mental illness, he realized that

Stocks To Watch In Trade Today, March 15, 2021: Axis Bank, Kotak Mahindra Bank, DLF, MTAR Technologies

MTAR Technologies shares will be listed on the bourses at 10 am today The domestic stock markets are likely to open in the green on the back of positive global cues. Trends on SGX Nifty indicate a positive opening for the index in India, with a 90-points gain. At 7:30 am, the Nifty futures were trading at 15,119, higher by 90 points or 0.85 per cent, on the Singapore Stock Exchange. On Friday, the Sensex closed lower by 487 points or 0.95 per cent at 50,792.08 and the Nifty fell 144 points or 0.95 per cent to 15,030.95. Stocks to watch in trade in today s session (March 15, 2021) Axis Bank  Axis Bank will acquire a 9.9 per cent stake in Fettle Tone LLP, a promoter of Max Bupa Health Insurance Company, for Rs 90.8 crore.

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