LatestCompany Registration 11 September 2026
Canara HSBC Life Slapped with ₹1 Crore IRDAI Fine
IRDAI fined Canara HSBC Life Insurance ₹1 crore for mis‑selling policies and failing to disclose key terms, breaching the Insurance Act and regulator rules. The penalty aims to boost consumer protection and enforce stricter compliance.
Canara HSBC Life Insurance has been ordered by the IRDAI to pay a ₹1 crore penalty for mis‑selling policies.
- The penalty stems from violations of the Insurance Act and IRDAI regulations.
- The regulator found that the insurer failed to disclose key policy terms, leading to consumer deception.
- The fine aims to enforce stricter compliance and protect policyholders.
For full details, see the original report.
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