Mis Selling News

IRDAI has imposed a ₹1 crore penalty on Canara HSBC Life for mis-selling an insurance policy to an 88-year-old individual. The regulatory body initiated proceed

A life insurer has been fined ₹1 crore for mis-selling an annuity product.

Canara HSBC Life Insurance Company has been fined ₹1 crore by IRDAI for mis-selling a deferred annuity policy to an 88-year-old individual through Canara Bank.

HDFC Bank announced that all seven Bahrain claims filed by Credit Suisse AT1 bond investors, who accused the bank of mis-selling, have been rejected by the Bahr

The CEO of SBI General Insurance stated the company will not pursue top-line growth in fire insurance at unsustainable prices, focusing instead on profitability

Despite India scrapping insurance commission caps in 2023, calls to reinstate them are growing, though evidence suggests transparency and staggered payouts are