IRDAI may allow life insurance policies to port from one company to another. But before this is allowed, the industry needs deep structural changes.
People are shooting from the shoulders of retail investors. Their horizon is way beyond one year in equity investing.
Columns, blogs, edits and podcasts around the mystery shopping paper that found banks mis-selling rampantly
It needs regulatory change for systemic mis-selling to stop. Just one bank firing two people won't do.
Online sales is the way forward in financial products. But watch the insurance industry fight it back. Why would they want a more transparent system?
Expense Account, Mint While we were used to the mutual fund industry complaining about its regulator, soft voices against the regulator are surfacing in the life insurance industry as well—and they sound very surprised. The funds were used to a tough regulator, but the insurance industry is a bit open-mouthed by the sudden turnaround in...
Expense Account, Mint I’m not sure it will work. I’m in Pondy (Puducherry) on holiday and almost out of cash. I have my ATM card but my bank does not have a machine here. And you can’t pay an auto guy 30 bucks with a credit card—at least not yet. I confess to never having...