Act of plunder by Golden Multi Services Club Ltd. in Golaghat
After losing its reliability among the people of various parts in India Golden Multi Services Club Ltd (GTMSC) is now planning to plunder the people of Assam by establishing its branches in various districts of Assam. It is important to mention here that Insurance Regulatory and Development Authority (IRDA), the apex regulatory and licensing body of insurance companies in India, have suspended Golden Multi Services Club and its associate firms from distributing insurance policies. IRDA had issued show cause notices to Golden Multi Services Club and its associate companies namely Golden Trust Financial Services, Golden Corporate Services and Golden Trust Multi Services after receiving complaints from public about “mis-selling” of insurance products. In a letter dt. September 29, 2004 IRDA had also asked these entities to suspend all further activities as a corporate agent. GTMSC has been selling insurance policies of various reputed insurance companies of India claiming to be their Corporate Agent. But GTMSC has been selling insurance policies through Multi Level Marketing system which violates Sec. 41 of the Insurance Act which says “a licensed agent, whether individual or corporate, can’t appoint a sub-agent and pass on a commission to another person or entity. Any passing of commission by an agent is construed as rebating and is prohibited under the Act”. It is very surprising that even after being suspended by IRDA and violating the provisions of the Insurance Act how the state government allow such a company of bad repute to carry out its operation in Assam.
Recently such a fraud is discovered by some local youths of Golaghat when they found that GTMSC is taking extra money than the actual premium. As told by Ajit Bora, one of the youth who discovered the anomaly, at first GTMSC charged him Rs.1088 against a Group Personal Accident Insurance Policy, but when the policy is delivered to him it shows only Rs.303/- as the premium. When asked about this anomaly GTMSC said that the extra money is charged as a membership fee for Golden Multi Club, which is against the very principle of Insurance. After being deceived by the company Ajit Bora and some of his friends who were also deceived by GTMSC filed a FIR in Golaghat Police Station, but still no action has been taken by the police. If no stern action is taken against such fraudulent companies when it is still time than there may be a possibility of the company fleeing the place with crores of public money.
Random Stories
5 Jun 2019 - 9:43pm |
AT News
World Environment Day was observed by Assam Higher Secondary Education Council Assam in its office premises at Bamunimaidam, Guwahati on Wednesday.
A seminar on 'Conservation of Water' was...
2 Apr 2008 - 1:05am |
editor
Members of All Assam Student Union (AASU) seized the alleged low quality furniture supplied during the year 2007 by the Education Department to one of its model schools at Bangsor Higher Secondary...
11 Oct 2012 - 1:35pm |
Daya Nath Singh
‘Majority of the four lakh displaced people of July 2012 violence in Bodoland did not return to their homes apprehending fresh attack from miscreants of rival communities due to burning of...
12 Jul 2015 - 1:15pm |
AT News
Dispur is preparing a set of papers to counter Arunachal Pradesh in the court of law over the 26 year old inter state border dispute.Sources told Assam Times that the Assam government is fully...
Other Contents by Author
At a time when Assam and Nagaland are embroiled in bitterness with both the states declaring blockade and other prohibitions against each other, there comes a piece of good news that some prominent and senior citizens of Wokha District in Nagaland and Golaghat District in Assam have formed a friendship forum to work as a harbinger of peace between the people of both district of the two states.The process of forming the Forum has begun last year with first consultative meeting held on 27th March, 2012 at Hotel Saramati in Dimapur. It was presided over by Yansathung Jami, President Kyong Hoho and attended by noted citizen of both sides like Bhaben Gohain (IPS), Dinesh Gogoi (Retired...
The Assistant Sessions Judge of Golaghat, R.L. Das, yesterday sentenced the mother, the son and the daughter to undergo rigorous imprisonment for six years each and to pay a fine of Rs.2000/- each in default they are to undergo further rigorous imprisonment for six months each for abetting the suicide of Anjumoni Mudoi, who was married to in the family. The convict Joon Saikia along with his mother Khiroda Saikia and sister Moon Saikia had forced Anjumoni Mudoi to take the drastic step by inflicting inhuman mental and physical torture upon her.Anjumoni who was married to Joon Saikia of Habigaon in Borpathar in Golaghat district ended her life on 12th April 2010 by hanging...
Numaligarh Refinery , situated at a distance of 250 KM from Guwahati and 25 KM from Golaghat, was engulfed in a devastating fire broke out at the Crude Distillation Unit (CDU) and Vacuum Distillation Unit (VDU) of the refinery in the wee hours of morning on Friday. “The fire was started at around 5.24 am and in a joint effort by the fire tenders of NRL, Bokakhat, Dergaon and Golaghat were able to put off the fire at 9.40 am.” Kajol Saikia of Numaligarh Refinery Ltd. (NRL) told Assam Times. The CDU and VDU are considered to be the mother unit of the refinery as the CDU distills the incoming crude oil into various fractions, each of which are then processed...
Members of Golaghat Regional Students’ Union today started a week long signature campaign demanding solutions to various problems of Golaghat town. In a press release it was stated that the citizens of Golaghat town and Golaghat Regional Students’ Union have been demanding for a long time for solving the various problems such as traffic congestion, ensure supply of safe drinking water, to prepare a masterplan of the town, install pipe gas connection etc. but the government, the district administration and the municipality board have paid a deaf ear to the pleas. If the demands are not recognized by June 5th the student body alongwith the support of public would take stern measures.
Acting on a tip off the 142 Battalion of Central Reserve Police Force stationed at Merapani along the Assam-Nagaland interstate border in Golaghat district, led by commandant Vishrant Kumar, today seized two trucks bearing registration nos. AS-05/B-5736 and AS-03/AC-6909 loaded with 355 cartoons of Indian Made Foreign Liquor (IMFL). The trucks were stranded in Gomariguri Tiniali area when the CRPF team carried out the raid. Three persons were also arrested in this connection and they were Mintu Konwar, Puwal Bora and Rubul Hussain. The illegal liquors were being carried from Bhalookpung in Arunachal Pradesh to Wokha district in Nagaland. The CRPF team also seized a truck loaded with illegal...
“Whether it is health or education or employment generation, during the regime of the congress govt. the state has got a facelift in every sector. Today we have among a few states in India to declare 80% dearness allowance. By successfully holding the panchayat poll, we have decentralized power by not letting it confined to Dispur but carrying it to the grass root level. Despite all our achievements there is a section of people who seemed to be blind to all the positive aspects of our governance but spend their energies in criticizing and burning our effigies. Let them continue with their business of criticism and we shall devote ourselves in achieving and fulfilling all the better and...
The Golaghat Dist. unit of Bharatiya Janata Party (BJP) is undertaking a village to village Padayatra (foot march) across the district demanding the cancellation of the Assam government’s decision to handover its parts of lands to Bangladesh, protection of World Heritage Site Kaziranga National Park and Assam’s pride one horned rhino, permanent solution to Assam-Nagaland border dispute and to highlight the failure of the state government. “The foot march will cover almost all the panchayats across the district and will over on 31stMay at Chinatoli where a special closing ceremony will be organized. The aim of the foot march which was started on May 20 is to make people...
As a part of the ongoing diamond jubilee celebration the Golaghat District Sports Association (GDSA) is going to organize an all assam open sports quiz on July 7. A maximum of two numbers of two member team accredited by their respective sports association can participate in the competition. There will be prize money of Rs. 25,000 and 20,000 for the winner and the runners-up respectively. The last date for sending entries is June 30 and one can contact 9435054453 for details.
Ananya Saikia of Reliance College Junior has brought glory to Golaghat by emerging as a state topper in the Higher Secondary (Arts) examination results declared today. Ananya the daughter of teacher parents Ratneswar Saikia and Debojani Barua has secured a total of 469 marks. She has also secured highest mark (100%) in Economics.Debojit Dutta, the principal of the college said that the college has been able to secure a position since the last ten years of its inception and they had been expecting Ananya to get a rank in the HS final examination.“I would like to pursue financial marketing and be a social entrepreneur in the future. I was hopeful of getting a rank but the 1st ...
A team comprising of citizens and members of Golaghat unit of All Assam Students’ Union visited Industrial Estate of Jonaki Nagar here today and were stunned on seeing the large scale encroachment being carried out by some unscrupulous businessman. The team also noticed that most of the tradesmen have converted the industrial estate into residential block by constructing concrete structures. Some of them have even projected their dysfunctional units as functional in a bid to encroach the land. At the same time, the team had also seized nine nos. of domestic LPG cylinders, ten bags of inedible flour and three tins of adulterated mustard oil from M/S Devi Food Products situated at the...
Add new comment