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MISSELLING
Insurance CEOs’ pay now linked to claims and customer grievances: What it means for policyholdersInsurance CEOs’ remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A t...- Health insurance works only when everyone contributesA small group of health insurance customers accounts for most hospitalisation costs. The remaining 95% must pay premiums to keep the system...
- Your employer may soon pay your SIP from salary: Sebi's new mutual fund proposal explainedYour employer might soon invest in mutual funds directly from your salary. Sebi is considering a new proposal to allow this. Employees can ...
- SBI employees' federation stages dharna in Kolkata, plans nationwide strike on May 25-26State Bank of India Staff Federation protested in Kolkata demanding recruitment and an end to mis-selling insurance. Employees will strike ...
- Dhan parent enters insurance broking with GreenLife Insurance acquisitionRaise Financial, parent of stock trading platform Dhan, has acquired GreenLife Insurance for approximately $15 million in a cash and stock ...
- Zerodha’s Nithin Kamath flags ULIP, endowment traps; says health policies remain complexNithin Kamath highlights persistent personal finance blunders by Indians, particularly the continued uptake of ULIPs and endowment plans de...
- SBI employees’ 2-day strike on May 25, 26: Pension fund manager option to ‘NPS employees’, parity issue among 16 demandsSBI employees' nationwide strike May 25, 26: The demands raised by the federation include recruitment of messengers and armed guards, adequ...
- Belgian insurer Ageas eyes India growth, explores acquisitions for expansionBelgium's Ageas Group is prioritizing India's growth, aiming to break into the top 10 insurers in both life and non-life segments. The comp...
- HDFC Bank's Atanu Chakraborty episode may not be dramatic for lender's financial showHDFC Bank posted a strong FY26 performance despite recent governance-related headlines and leadership changes, with CreditSights noting tha...
- Lloyds pilots AI investment guidance tool as UK regulator studies impactLloyds Banking Group is the first UK lender to pilot an AI tool for investment guidance. This initiative aims to help customers navigate in...
- Pick your own health cover: How custom plans work and their hidden downsidesA health plan consists of a base plan and riders or add-ons. Earlier, the base plan comprised fixed features that could not be changed, and...
- IIT Delhi graduate was happy to bag Rs 17 LPA in first job. Later realises the real cost he has to payA 24-year-old graduate from the Indian Institute of Information Technology Delhi has gone viral after quitting his Rs 17 LPA banking job, c...
- Youth reveals why he left Rs 17 LPA banking job: ‘Five days a week became six days a week, had to eat within 15 minutes….’A finance professional resigned from a ₹17 lakh banking role due to immense pressure, long hours, and unrealistic monthly targets of ₹10 cr...
- 'Rs 17 LPA not worth it': IIT Delhi graduate quits bank job, says 'can’t sell peace of mind for a salary package'A 24-year-old IIT Delhi graduate resigned from a high-paying banking job, citing a toxic work culture that eroded his health and peace of m...
- 58% surges in Insurance Ombudsman cases: 4 reforms to fix the backlog before it breaksThe Insurance Ombudsman serves as a guardian of trust for the industry and has resolved thousands of disputes for policyholders. But a grow...
- “Misselling isn’t just about commissions”: Bandhan Life CEO on insurance reality checkSatishwar B., MD and CEO, Bandhan Life Insurance, discusses the Public Insurance Registry, Bima Sugam, misselling and commissions, in a con...
- Insurance policy mis-selling trap: Over 80% of users on online insurance platforms experience dark patterns, reveals studyFrom 1 July, stricter norms issued by the Reserve Bank of India will come into force against banks’ mis-selling of financial products, incl...
- Dubai regulator probe found HDFC’s DIFC branch kept quiet for 5 years, failed to meet integrity standardsBanks own ethics panel found high number of regulatory breaches while onboarding clients; Deloitte, Kroll also had conducted probe. Funding...
- HDFC Bank penalises 12 execs for role in mis-selling AT1 bondsHDFC Bank has penalized at least 12 senior and mid-level executives, including Ashish Parthasarthy, for their alleged role in the mis-selli...
- India has managed war disruptions better than many other economies: P D SinghIndian businesses and banks are navigating the West Asia conflict with resilience. Deal pipelines remain largely unaffected, with only war-...
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