Misselling

SEBI’s order penalising the finfluencer is a lesson for investors to steer clear of unlicensed investment advisors

Concerned over unreasonably high insurance premiums, seek faster claims disposal to boost coverage: DFS Secy

There is a need to curb insurance misselling and ensure that premiums in India are low so that coverage can increase, M Nagaraju said.

Ex-IRDAI member calls for removal of GST on premiums to make it affordable

Instead of imposing restrictions on the bancassurance channel, there should be an internal assessment to ensure proper and seamless sales, which is fundamentally the role of the regulator, says Sathe

Toxic work culture: How to stop product misselling in banks

We know the work culture in banks isn’t the best, but what is the solution? Here are five ways to address the problem of product misselling and toxic work culture in banks.

Banking Central | Is it right for banks to make you buy insurance cover tied to your loan?

This has been a longstanding practice in the industry. Forced selling of insurance policies at the time of a loan purchase isn’t fair business practice

Misselling complaints against insurers down 70% between 2014-2020

Insurance customers are complaining less about their policies to the companies.

Don‘t blame others for mis-selling! You may be mis-buying

When you focus too much on returns on risk ignoring your requirement, there is a fair chance that you may be mis-buying.

Banks can sell insurance but should avoid mis-selling: RBI

Even as a RBI report released on June 28 favoured distribution of insurance products by banks, it warned of possibility of misselling, especially in the light of reported attractive performance-linked incentives for banks' staff and management

RBI cautions banks on mis-selling third party products

Concerned over "mis-selling" of third party products like insurance by banks, the Reserve Bank has warned of regulatory action against them.

SBI Life to appeal against IRDA's Rs 275cr refund order

SBI Life, the life-insurance arm of State Bank of India, will contest a Rs 275-crore refund order that the Insurance Regulatory and Development Authority issued Tuesday in relation with a case of alleged misselling of a group insurance policy, MD and CEO Atanu Sen told CNBC-TV18.

Irda reaches out to cyberspace to clamp misselling

Insurance regulator Irda‘s continuing campaign to curb misselling of insurance products has caught web aggregators in its cross-hairs. The regulator has proposed stricter rules that these websites which compile and provide information on policies of various insurance companies must adhere to, reports CNBC-TV18‘s Manasvi Ghelani.