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BANCASSURANCE CONFLICT OF INTEREST
Irdai to crack down on mis-selling as Insurance Bill 2025 tightens normsIndia's insurance regulator is set to enhance oversight on mis-selling through new legal amendments. The Sabka Bima Sabki Raksha (Amendment...- Insurers to Irda: Include suggestions on bancassurance normsThe draft regulations on open bancassurance architecture had drawn sharp reactions from both insurers as well as banks as they fall short o...
- RBI allows banks to hawk multiple insurance productsThe public has been given time till December 31 for comments and feedback on the draft guidelines issued today.
- Banks can only sell standard insurance products through branchThe move is aimed at ensuring that lenders do not sell customised insurance products where risk assessment is more complex.
- Insurance companies to offer only standard insurance products via bank routeInsurance companies may offer only standard insurance products through banking channel.
- IRDA for banks selling products of multiple insurersIrda today indicated favouring banks to sell products of multiple insurance companies as the move would help deepen insurance penetration.
- RBI vs IRDA: Finmin to play peacemaker over broking licence for banksThe finance ministry is attempting to resolve the differences between the banking and insurance sector regulators over allowing banks to be...
- Irda frowns upon bank officials joining insurers' boardsThe insurance regulator does not want bank officials on the boards of insurance companies due to conflict of interest despite them being pr...
- Licensing rules will change for insurers: J Hari Narayan,IRDAIrda chairman J Hari Narayan believes there are no deep-rooted issues plaguing the insurance sector. The issues of slow growth have nothing...
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