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Indian Bank plans life insurance, asset management foray; board approval next, CEO says
9+ hour, 44+ min ago (415+ words) Indian Bank's plans to enter the life insurance and asset management segments are progressing as planned, and it would soon approach the board for approval, the bank's MD and CEO Binod Kumar said. The lender is currently in the process…...
Canara HSBC Life fined ₹1 crore by IRDAI over misselling
3+ day, 1+ hour ago (493+ words) Canara HSBC Life Insurance Company Limited received a penalty order from the Insurance Regulatory and Development Authority of India (IRDAI) on September 10, 2026. The regulator imposed a fine of ₹1 crore following an investigation into allegations of policy misselling. The penalty stems…...
Canara HSBC Life Insurance penalised ₹1 crore by IRDAI for policyholder regulation breaches · Business Upturn
3+ day, 2+ hour ago (289+ words) Canara HSBC Life Insurance Company Limited has been penalised ₹1 crore by the Insurance Regulatory and Development Authority of India (IRDAI) following an investigation into alleged misselling of a policy. The penalty forms part of an Order dated 10th September 2026, as revealed…...
Canara HSBC Life reappoints Sansi and Bandyopadhyay as independent directors
4+ day, 1+ hour ago (387+ words) Canara HSBC Life Insurance Company has reappointed Dr Kishore Kumar Sansi and Mr Supratim Bandyopadhyay as independent directors on its board. The appointments were approved via resolution by circulation on September 9, 2026, and remain subject to shareholder approval. The Nomination and…...
Choosi found to have offered Hobson???s choice
4+ day, 21+ hour ago (443+ words) Home > Life Insurance > Choosi found to have offered Hobson’s choice Managing Editor and Publisher Insurance comparison site Choosi is facing a significant penalty in the wake of the Federal Court finding that it misled consumers about comparing products from a…...
Bengal Commercial Bank signs agreement with Bengal Islami Life Insurance introducing 'Credit Shield' for cardholders
5+ day, 1+ hour ago (361+ words) Tuesday • 8 September 2026 Bengal Commercial Bank signed an agreement with Bengal Islami Life Insurance to provide enhanced protection to the bank’s credit cardholders through “Credit Shield” facility. Under this agreement, the Credit Shield facility will ensure the financial security of Bengal…...
FWD Insurance Receives Outstanding Development Award For Second Consecutive Year Along With Two More Trophies
6+ day, 7+ hour ago (195+ words) kaohoon international FWD Life Insurance Plc. (FWD Insurance), led by Mr. Knattapisit Krutkrongchai, Chief Executive Officer, received the “Life Insurance Company with Outstanding Development of the Year 2025” award for the second consecutive year from Mr. Lavaron Sangsnit, Permanent Secretary of…...
RBI Approves LIC’s Acquisition of Up to 9.99% Stake in ICICI Bank
1+ week, 7+ hour ago (192+ words) The Reserve Bank of India has approved the Life Insurance Corporation of India's acquisition of up to 9.99% of paid up share or voting rights in ICICI Bank, according to an exchange filing by ICICI bank. LIC, which is the applicant,…...
Outsourced function, owned liability: what 10,000 life insurance breaches mean for your clients
1+ week, 4+ day ago (630+ words) Insurance Business Outsourced function, owned liability: what 10,000 life insurance breaches mean for your clients Delegation of customer communications does not shift regulatory accountability when outsourced processes fail A life insurer has been formally sanctioned after reporting 10,105 breaches of the Life…...
CEO Says HR Co. Oversold Life Insurance Policy Terms
1+ week, 5+ day ago (58+ words) Law360 Try our Advanced Search for more refined results The Practice of Law Deep News & Analysis Law360 | The Practice of Law Law360 Authority | Deep News & Analysis Law360 Pulse | The Business of Law CEO Says HR Co. Oversold Life Insurance Policy Terms Law360 is on it,…...