A small group of health insurance customers accounts for most hospitalisation costs. The remaining 95% must pay premiums to keep the system...

State Bank of India Staff Federation protested in Kolkata demanding recruitment and an end to mis-selling insurance. Employees will strike ...

Raise Financial, parent of stock trading platform Dhan, has acquired GreenLife Insurance for approximately $15 million in a cash and stock ...

Nithin Kamath highlights persistent personal finance blunders by Indians, particularly the continued uptake of ULIPs and endowment plans de...

Belgium'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...

Satishwar B., MD and CEO, Bandhan Life Insurance, discusses the Public Insurance Registry, Bima Sugam, misselling and commissions, in a con...

Insurance regulator Irdai has flagged mis-selling as a major issue. Grievances related to unfair business practices have risen significantl...

The Reserve Bank of India Governor cautioned banks about misselling practices. He stressed the importance of ethical conduct for the bankin...

While referring to financial products misselling, the survey said that misselling and misrepresentation need acknowledgment, with firms com...

Some of the measures being considered may include a cap on commission charges paid to banks for selling insurance products, stricter disclo...

Insurance Ombudsman for the Delhi region, Sunita Sharma, emphasized the need for insurance companies to prevent incidents of mis-selling. S...

Irdai to hold banks accountable for investment advice they provide as complaints about mis-selling rise.

Since banks have a huge network of branches, insurance companies have tied up with them to sell their products.

The regulator will come out with a differential commission structure for agency and banks. This could shave off incentives for bankers sell...

At present, BCSBI -- a quasi-regulatory body -- has set a limit of Rs 10,000 beyond which a customer is not liable for fraudulent ecommerce...

A report by Milliman noted that the joint venture structure is a stumbling block for partners to arrive at a consensus on valuation.

P Chidambaram today asked the insurance companies to refrain from mis-selling and devise simple products for people to boost growth in the ...