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???1 crore fine penalty: Why did IRDAI penalise Canara HSBC for mis-selling insurance to an 88-year old? What went wrong
1+ day, 22+ hour ago (407+ words) The Insurance Regulatory and Development Authority of India (IRDAI) has levied a ₹1 crore penalty on Canara HSBC Life Insurance Company Limited over mis-selling of a life insurance policy to an 88-year-old customer, according to a Moneycontrol report. The regulatory proceedings…...
???? DeFi Day 34: DeFi Insurance??????? Today, let???s understand:
2+ week, 9+ hour ago (110+ words) DeFi Day 34: DeFi Insurance 🛡️ Today, let’s understand KuCoin 📚 DeFi Day 34: DeFi Insurance 🛡️ Today, let’s understand: What happens when something goes wrong in DeFi? Smart contract bug → Hack → User funds at risk DeFi insurance can help protect users against certain risks....
How to compare life insurance quotes
3+ week, 4+ day ago (924+ words) It's important to shop around and compare life insurance quotes before you make a final decision. We'll walk you through how to do just that....
India Plans Health Insurance Overhaul to Curb Medical Costs
1+ mon, 10+ hour ago (269+ words) Whalesbook The Indian government, led by the Insurance Regulatory and Development Authority of India (IRDAI), is preparing to implement significant reforms in the health insurance sector A multi-stakeholder panel is currently working to finalize recommendations aimed at controlling medical inflation,…...
CAM acts advises The Guardian Life Insurance Company of America on divestment of its entire stake in Guardian India Operations Pvt. Ltd. to HCL Technologies Ltd.
1+ mon, 8+ hour ago (206+ words) Nearly 2,000 Guardian India employees have transitioned to HCLTech under the deal, with HCLTech establishing a dedicated Strategic Business Unit focused exclusively on supporting Guardian. The unit will drive technology innovation, engineering excellence, operational transformation and maturity across Guardian’s products and…...
One Standard Health-Insurance Plan for Every Company? India Weighs Major Reform to Cut Hospital-Bill Disputes
1+ mon, 9+ hour ago (536+ words) India is weighing a common health-insurance policy, benchmark hospital rates and faster digital claims. Know what may change for policyholders. India is considering a major overhaul of health insurance that could require every insurer to offer a standard policy with…...
Advisers need to be preserving cover, not just selling it - IFA
1+ mon, 1+ day ago (529+ words) Though it may seem morbid to many, life insurance is something that holders lean on to offer safety and security for their future. But as domestic and international circumstances continually drive the cost of living up, holding a policy can…...
Life Insurance policy Surrenders: Why more Indians are surrendering life insurance policies before maturity
1+ mon, 2+ day ago (510+ words) Premature Insurance Policy Surrender: Life insurance surrenders have surged, with early exits concentrated in the first two years. Why are policyholders leaving policies early despite tighter disclosure and suitability rules?...
A register can tell you who mis-sold an insurance policy. It cannot tell you why
1+ mon, 4+ day ago (667+ words) At the silver jubilee gathering of the insurance brokers' association in Delhi last week, insurance regulator Irdai's chairman, Ajay Seth, made a proposal that is hard to argue against: every policy should be traceable to the person who sold it,…...
Committee formed to recommend reform measures on insurance sector
1+ mon, 1+ week ago (111+ words) Kathmandu, Aug 3: The Finance Ministry has formed a three-member committee to study and suggest recommendations for the reform measures in the country’s insurance sector. Finance Minister Dr Swarnim Wagle formed the committee after a minister-level decision. Sushil Kumar Ojha was…...