Agents are known to mis-sell tax plans to unaware investors. Mis-selling comes easy as basic facts are misrepresented and investors are made to buy plans that don't benefit them.
We have seen several cases of ULIPs (unit-linked insurance plans) being sold to the most improbable of investors
Hyderabad FC score in dying minutes to salvage 1-1 draw against EBFC
Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
Liverpool booked their berth in the League Cup semi-finals with a 2-1 victory over Southampton
Commissions paid to mutual fund distributors (MFDs) increased by over 20 per cent for most large fund houses in 2023-24 (FY24), driven by a sharp market rally and strong inflows. The largest fund house, SBI Mutual Fund (MF), which now manages nearly Rs 10 trillion in assets, paid Rs 2,025 crore to its major distributors - 21 per cent higher than the Rs 1,675 crore payout in 2022-23 (FY23).
Feature for feature, bank FDs are indeed better than debt funds today, mainly thanks to Ms Sitharaman, notes Debashis Basu.
Goals from Ezequiel Vidal and Filip Mrzljak helped Punjab FC defeat Hyderabad FC 2-0 and make it three wins in a row for the side in the Indian Super League in New Delhi on Wednesday.
'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'
The judge directed the Delhi police to conduct its investigation "in all fairness" to find out candidates recommended in recent past who might have illegally availed of such benefits.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
Market-regulator Securities and Exchange Board of India on Tuesday said that it is looking at the need to put a check on mis-selling of mutual fund products by the distributors through a compliance certification examination.
The stock market regulator's move to label fund schemes of different risk profiles with discerning colours could be simple but powerful communication. But how much would risk differentiation help?
SBI Life Insurance reported a weak performance in Q2FY25. The annual premium equivalent or APE grew 3 per cent year-on-year (Y-o-Y) to Rs 5,390 crore. For the first half of financial year 2025 (H1FY25), it grew 9 per cent Y-o-Y to Rs 9,030 crore.
The former chief minister said if there was any danger of his losing from Budgam, then his party colleagues would not have allowed him to contest from Budgam.
East Bengal FC's next match will be the Kolkata derby against Mohun Bagan on October 19.
Dilip Kumar Jha explains what the buyers must do to protect their own interest.
It will be for the first time in nearly nine years India's external affairs minister will travel to Pakistan even as the ties between the two neighbours remained frosty over the Kashmir issue and cross-border terrorism emanating from Pakistan.
Those three wickets for six runs, in a manic final 15 minutes of the day's play, undid all the good work that had gone before, asserts Prem Panicker.
Avoid relying on a bank RM for investment advice. Instead, approach a Sebi-registered investment advisor whose livelihood depends on the fee paid by his customers and not on product commissions.
'Splitting must result in tangible benefits for the customer, otherwise it will only mean more work for them in maintaining the policy and for their nominees.'
Kamala has finessed bubblegum conversation about whether she is Black or Indian. Her Irrelevancing-approach, an Irrelevance-code if you will, is Elevated and Elegant -- this is the Elevance of Kamala! asserts economist Dr Anuradha Luther Maitra.
Beware of insurance agents and the tricks they use to mis-sell policies that benefit only them.
Puts in checks to reach customers before and after selling the policy.
IMAGES from Day 1 of the second Test between England and Sri Lanka, at Lord's, on Thursday.
Any of these match ups could influence the outcome of the Perth Test.
Paris St. Germain's unbeaten start to their Ligue 1 season continued on Friday with a comfortable 3-1 win over Rennes at the Parc des Princes that saw Bradley Barcola score twice to keep them top of the standings.
While Sebi's colour code will help investors, mis-selling might not reduce substantially.
India are fortunate to have a bowler of the calibre of Jasprit Bumrah, who is head and shoulders above the rest in international cricket, said former batter Sanjay Manjrekar.
Keeping surplus money in a bank account has become perilous, alerts Harsh Roongta.
New Delhi -- which has had a disastrous neighbourhood policy that has alienated almost all the States with which it has a land or sea border -- seemed to be unwilling over the past years to even consider that its unquestioning support of Sheikh Hasina was painting it into a corner, points out Mihir S Sharma.
The Securities Appellate Tribunal (SAT) has granted an interim stay on a Sebi order that slapped a penalty of Rs 2 crore on Yes Bank's former MD Rana Kapoor in a case of mis-selling the private sector lender's AT1 bonds. Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case. The interim relief came after capital markets regulator Sebi in July issued a demand notice to Kapoor, warning arrest and attachment of his assets over non-payment of the fine of Rs 2 crore, along with the interest.
'The war ended in 2009 and I believe the new generation of Tamils don't know what was going on there.' 'I felt it was my duty to tell our story.' 'Since 2009, it seems like we are sleeping.'
IMAGES from the 1st T20I between Zimbabwe and India played in Harare on Saturday
The Aam Aadmi Party dismissed the allegation as "baseless" and claimed it was "another conspiracy hatched by the BJP" to tarnish AAP's image ahead of voting for Lok Sabha seats in Delhi and Punjab.
'The government should come back as a job creator as it did in the 1960s and the 1970s.'
The avoidable stresses and strains in ties helped in one way. It showed for the entire region how a matured India handled diplomatic relations, especially with a smaller and suspicious neighbour, with practised dignity and patience, unruffled by provocations in word, deed and action, observes N Sathiya Moorthy.
The Enforcement Directorate on Monday seized three offices in a prime location in Mumbai, valued more than Rs 41 crore, as part of a foreign exchange violation probe against a businessman whose name figured in the Panama Papers.
'As the city grows, so do its fire incidents.'
Concerned over rising incidence of mis-selling, the finance ministry has directed heads of public sector banks to put in place strong mechanisms to avoid unethical practices for selling insurance policies to customers. The Department of Financial Services has received complaints that fraudulent and unethical practices are adopted by banks and life insurance companies for procuring policies from the bank customers, a letter addressed to chairpersons and managing directors of public sector banks said. There have been instances where life insurance policies were sold to customers aged above 75 years in Tier II-III cities.
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