Bancassurance
Latest news, explainers and analysis on Bancassurance. Tracking 2 stories on Arth Vani.
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Latest on Bancassurance
BreakingIRDAI Questions High Payouts for Bank-Sold Insurance, Citing Commission Concerns
India's insurance regulator, IRDAI, has flagged concerns over elevated payouts for insurance policies sold through banks. The regulator is investigating whether sales practices are being driven primarily by commissions rather than genuine customer needs, potentially impacting policy suitability.
IRDAI Fines ICICI Lombard, IndusInd Bank, Canara HSBC Life ₹3 Crore
India's insurance regulator, IRDAI, has imposed a penalty of ₹3 crore on ICICI Lombard General Insurance, IndusInd Bank, and Canara HSBC Life Insurance. The fines are for alleged violations related to bancassurance norms.
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