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₹1 crore fine penalty: Why did IRDAI penalise Canara HSBC for mis-selling insurance to an 88-year old? What went wrong

11 Sept 2026 · 6d ago

The regulator flagged several shortcomings in the sale, including failures related to product suitability, solicitation, disclosures and the insurer’s internal controls.

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₹1 crore fine penalty: Why did IRDAI penalise Canara HSBC for mis-selling insurance to an 88-year old? What went wrong

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