Digital transformation has changed the face of manufacturing, healthcare and several other industries significantly. One of the key benefits of digitization for customers today is the availability of the self-service model. Customers today are defined…
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ASIC targets vertical integration, product bias in life insurance submission
SHARE TWITTERTWEET EMAIL MORE Financial advisers inside the banks’ wealth divisions are biased towards selling the banks’ own life insurance products, the corporate watchdog has told a life insurance inquiry. In another blow to the banks’…
Insurance Premium Collection Jumps 7.9% In 2015: Study
New Delhi: Insurance premium collection in India grew by 7.9 per cent in 2015 as demand for both life and non-life products was strong, a global study said today. The rate of rise in insurance…
Banks Can Sell Insurance But Should Avoid Mis-Selling: RBI
Mumbai: Even as a RBI report on Tuesday favoured distribution of insurance products by banks, it warned of possibility of mis-selling, especially in the light of reported attractive performance-linked incentives for banks’ staff and management.…