Haryana blacklists SBI Life for delaying annuity payments

Jan 29 2013, 21:56 IST
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SummaryThe bid cum tender document was submitted by SBI Life Insurance on March 31, 2011

the government was concerned, the issue relating to data was resolved, and the noticee had accepted the said condition of collection and validation of data, he further added.

He said that in furtherance of the agreed and accepted condition of LOI, the government vide its letter dated January 4, 2012 forwarded the SLA duly approved by it and called upon the noticee to sign the same with its concerned departments.

However, despite repeated reminders, including ones dated January 27, 2012 and February 3, 2012, for execution of the SLA, SBI Life failed to execute the same again for the same "frivolous" reasons of non deletion of the clause relating to the collection and validation of data, he said.

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