IRDAI imposes ₹1 cr penalty on Canara HSBC Life for mis-selling policy to 88-year-old
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company for mis-selling a life insurance policy to an 88-year-old man. The case pertains to a deferred annuity policy, with an annual premium of ₹2 lakh and a four-year premium-paying term, that was sold by…
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