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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
2+ day, 8+ 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, 20+ 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....
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…...
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,…...