Moneylife Articles & Campaigns That Made a Difference

Moneylife Impact: Ministry asks SFIO to look into Helios & Matheson; ROC in 3 other cases

MCA has responded to Moneylife Foundation’s survey and memorandum of 1,500 plus complaints by asking the SFIO to examine non-payment of FDs by Helios & Matheson. In case of Jaiprakash Associates, Unitech and Plethico, the MCA has asked ROC to examine findings from the Moneylife Foundation

Full story of Moneylife Impact can be accessed here.

MONEYLIFE IMPACT: Pune RPO to soon become a model Passport Office

Atul Gotsurve, the new Regional Passport Officer of Pune Division, who has been following our campaign since March 2013, speaks on the vibrant changes that match the recommendations Moneylife had made to improve the passport office

Full story of Moneylife Impact can be accessed here.

Reliance Life refunds Rs3 lakh to an illiterate old widow

Reliance Life’s goodwill gesture of refunding Rs3 lakh to an illiterate widow, having a handicapped son, made a wonderful New Year gift. The fund value of her ULIP was only Rs1 lakh. The case which was taken to the insurer on humanitarian grounds was solved in a couple of days, thanks to Moneylife.

Full story of Moneylife Impact can be accessed here.

Govt says Aadhaar authentication not mandatory for banks

Replying to a question raised by Rajya Sabha MP Rajeev Chandrasekhar, on behalf of several activists and consumer organisations, the ministry of finance said RBI has set aside its diktat making Aadhaar-based authentication mandatory.

Full story of Moneylife Impact can be accessed here.

Now, track the status of your passport application on your smartphone!

Moneylife’s consistent campaign since March 2013, has led to a series of customer-friendly initiatives by MEA and TCS; the latest is with mobile technology. The mPassport Seva app provides a wide variety of services such as status tracking, locating a passport office and other general information.

Full story of Moneylife Impact can be accessed here.

Aadhaar enabled ATMs: Banks oppose RBI move citing huge cost

The Centre’s overarching agenda to make Aadhaar a success by forcing people to withdraw money from ATMs under a diktat from RBI is being opposed by bankers due to huge cost involved. Several consumer activists and NGO, including Moneylife Foundation also sent a memorandum to RBI governor on the same issue.

Full story of Moneylife Impact can be accessed here.

I-T dept asks officials to use official email IDs

Moneylife had raised the issue of I-T officials sending mails to taxpayers using IDs from free email service providers like Gmail and Yahoo!. Following this, email IDs would henceforth use only official email IDs for official communication.

Full story of Moneylife Impact can be accessed here.

SEBI issues show cause notice to HSBC for cheating Suchitra Krishnamoorthi

Market regulator Securities and Exchange Board of India (SEBI) has issued a show cause notice to HSBC for allegedly using fraudulent and unfair trade practices with its client, singer and actor Suchitra Krishnamoorthi. This case was first exposed by Moneylife way back in April in 2012.

Full story of Moneylife Impact can be accessed here.

RBI asks High Mark exec chairman Anil Pandya to step down

Following several complaints and reports by Moneylife, the Reserve Bank is understood to have directed Prof Dr Anil Pandya to step down as executive chairman of High Mark, the troubled and cash strapped credit bureau.

Full story of Moneylife Impact can be accessed here.

Pratibha Patil Case: How Moneylife’s flow of stories and use of social networking triggered citizens victory

Following persistent agitation by three intrepid activists, and supported by several exclusive articles in Moneylife alone, written by Vinita Deshmukh, the President of India, Pratibha Patil agrees to give up the land on which she was building a palatial post retirement bungalow.

Full story of Moneylife Impact can be accessed here.

Tata AIA Life refunds Rs2.5 lakh after Moneylife proved contradictory policy terms

After paying annual premium of Rs50,000 for five years, Mr Saxena’s policy was auto surrendered as the fund value was only Rs33,759. Intervention by Moneylife Foundation Insurance Helpline ensured that Tata AIA returned the full premium of five years. Find out how underwriting error was proved.

ull story of Moneylife Impact can be accessed here.

Moneylife Impact: TCS swings into action to ease some difficulties faced by Pune passport applicants

Exactly a week after activists meeting with TCS top brass, one seasoned verification officer has been appointed for at Counter A, the online appointment period is extended to one week and there are prominent display boards that provides list of documents required for a passport. One display also warns agents and touts against malpractices.

Full story of the Moneylife Impact can be accessed here.

Moneylife RTI Victory: CIC directs SEBI to disclose information related to PMS

For the first time, investors of scores of portfolio management schemes run by banks and brokers will be able to access information on their performance and track-record on the SEBI website, thanks to Moneylife tireless campaigning.

Full story of Moneylife Impact can be accessed here.

Moneylife Insurance Victory: Mangelal Sharma gets back Rs7 lakh

A strong campaign by Moneylife through its website and its social media properties gets quick justice for a 79-year old man with an ailing wife. IndusInd Bank officials had deceitfully persuaded him break his fixed deposit with the bank and invest in a wrong product.

Full story of Moneylife Impact can be accessed here.

Moneylife Insurance Victory: Metlife returns Rs25,000 to policyholder after Moneylife found an error

PNB Metlife has returned Rs25,000 to the correct policyholder to make up for their error in earlier refund to wrong policyholder, following an article in Moneylife on 2nd May.

Full story of Moneylife Impact can be accessed here.

Moneylife Insurance Victory: Arvind Injamuri was mis-sold Rs12 lakh by Reliance. Moneylife took up his case, and won

Reliance Life Insurance had mis-sold ULIPs worth Rs12 lakh. Moneylife had taken up the issue with IRDA and written cover story on it. Justice is served with return of investment along with Rs1.75 lakh interest, which is about 7.5% per annum

Full story of Moneylife Impact can be accessed here.

Moneylife Insurance Victory: Moneylife intervention forces Reliance Life Insurance to refund Rs60,000 to customer

Dr Verma had purchased a Reliance Life plan with the lure of an interest-free loan. After running around without any success for six months to get the promised loan and then to get the policy cancelled, Dr Verma fortunately got justice within two hours of Moneylife’s intervention

Full story of Moneylife Impact can be accessed here.

Moneylife Insurance Victory: New India Assurance pays Rs34,313 to for mediclaim initially rejected

New India Assurance has paid Rs34,313 towards a mediclaim that was earlier rejected by the TPA on flimsy grounds. The insured senior citizen has been a customer for 20 years, but that did not help to get the claim paid. Moneylife Foundation’s intervention helped

Full story of Moneylife Impact can be accessed here.

Moneylife Insurance Victory: HDFC Life shares medical reports of online term plan after Moneylife request

HDFC Life had refused to share all the reports except Cotinine for some policyholders under the argument that they had revised non-medical limits at the same time the customer took medical tests. It has now shared the report of another policy holder after Moneylife intervened

Full story of Moneylife Impact can be accessed here.

Moneylife Insurance Victory: Thanks to Moneylife Foundation’s intervention, Reliance Life has refunded Rs2 lakh to Mr Prashant Gupte

Moneylife Foundation’s Insurance Helpline has received a second case of fraudulent “interest-free loan” offer from AB Capital, and resolved it.

Full story of Moneylife Impact can be accessed here.

Moneylife Insurance Victory: Moneylife exposed the fraudlent ‘interest-free loan’ scam’ and helped three victims get their refunds

Moneylife Foundation’s Insurance Helpline has helped three persons to get refunds of Reliance Life Insurance policy premium as the product was fraudulently sold by enticing the customer with a fake “interest-free loan” of 10 times the premium from Reliance Capital.

Full story of Moneylife Impact can be accessed here.