Re: Insurance fraud by ICICI?

--===============5438506994518935269==
Content-Type: multipart/alternative; boundary="f403045f505046bed40567d68cf8"

--f403045f505046bed40567d68cf8
Content-Type: text/plain; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable

Recollected (with a bit of help from Google), this case.
https://www.moneylife.in/article/hsbc-agrees-to-compensate-suchitra-krishna=
moorthy/36707.html

So it not like there are no precedents of legal system being invoked
against mis-selling.

On Tue, Mar 20, 2018 at 4:13 PM, Akshay Mishra <[email protected]>
wrote:

> I can say for India - there ain't many reasonable laws written, and even
> those that are written seldom work. Be it TRAI or RBI or DGH, they are du=
mb
> stooges.
>
> On 20 March 2018 at 15:12, Kiritkumar Lathia <[email protected]> wrote:
>
>> The "pawn gets his sales commission.
>> In EU the banks and/or insurance companies are made liable and fined.
>> There is no equivalent consumer protection law in India or USA to my
>> knowledge
>>
>> On Tue, 20 Mar 2018, 09:51 Banibrata Dutta, <[email protected]>
>> wrote:
>>
>>> Very pertinent article and headline. My dad, 75yr old, was sold (should
>>> I say tricked into) a ULIP of 5Lacs, by his "wealth manager". His only
>>> wealth being his own house and govt. pension. There should be a possibi=
lity
>>> of criminal proceedings against such "wealth managers". However, we soo=
n
>>> realize that the "wealth manager" is just a little pawn. The tactics ar=
e
>>> systematic.
>>>
>>> On Tue, Mar 20, 2018 at 9:51 AM, Suresh Ramasubramanian <
>>> [email protected]> wrote:
>>>
>>>> The list has seen zero traffic over the past several months / a few
>>>> years so .. why not restart it.
>>>>
>>>>
>>>>
>>>> Just came across this interesting article.  Worth a look =E2=80=93 if =
only
>>>> because a police department has finally taken note of rampant misselli=
ng of
>>>> insurance (where ICICI is hardly the only offender, any and every mark=
eter
>>>> of life insurance needs his claims carefully examined before buying
>>>> anything, and even then only buy pure term policies).
>>>>
>>>>
>>>>
>>>> https://thewire.in/business/how-indian-insurance-companies-
>>>> are-defrauding-the-bottom-of-the-pyramid
>>>>
>>>> _______________________________________________
>>>> India-gii mailing list
>>>> India-gii-IAPFreCvJWP2/[email protected]
>>>> https://lists.india-gii.org/mailman/listinfo/india-gii
>>>>
>>>>
>>>
>>>
>>> --
>>> regards,
>>> Banibrata
>>> http://www.linkedin.com/in/bdutta
>>> http://twitter.com/edgeliving
>>> _______________________________________________
>>> India-gii mailing list
>>> India-gii-IAPFreCvJWP2/[email protected]
>>> https://lists.india-gii.org/mailman/listinfo/india-gii
>>>
>>
>> _______________________________________________
>> India-gii mailing list
>> India-gii-IAPFreCvJWP2/[email protected]
>> https://lists.india-gii.org/mailman/listinfo/india-gii
>>
>>
>
> _______________________________________________
> India-gii mailing list
> India-gii-IAPFreCvJWP2/[email protected]
> https://lists.india-gii.org/mailman/listinfo/india-gii
>
>


--=20
regards,
Banibrata
http://www.linkedin.com/in/bdutta
http://twitter.com/edgeliving

--f403045f505046bed40567d68cf8
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable

<div dir=3D"ltr">Recollected (with a bit of help from Google), this case. <=
br><a href=3D"https://www.moneylife.in/article/hsbc-agrees-to-compensate-su=
chitra-krishnamoorthy/36707.html">https://www.moneylife.in/article/hsbc-agr=
ees-to-compensate-suchitra-krishnamoorthy/36707.html</a><br><br>
So it not like there are no precedents of legal system being invoked agains=
t mis-selling.

<br></div><div class=3D"gmail_extra"><br><div class=3D"gmail_quote">On Tue,=
 Mar 20, 2018 at 4:13 PM, Akshay Mishra <span dir=3D"ltr">&lt;<a href=3D"ma=
ilto:[email protected]" target=3D"_blank">[email protected]</a>&g=
t;</span> wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0=
 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr">I can s=
ay for India - there ain&#39;t many reasonable laws written, and even those=
 that are written seldom work. Be it TRAI or RBI or DGH, they are dumb stoo=
ges.=C2=A0</div><div class=3D"HOEnZb"><div class=3D"h5"><div class=3D"gmail=
_extra"><br><div class=3D"gmail_quote">On 20 March 2018 at 15:12, Kiritkuma=
r Lathia <span dir=3D"ltr">&lt;<a href=3D"mailto:[email protected]" target=
=3D"_blank">[email protected]</a>&gt;</span> wrote:<br><blockquote class=
=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padd=
ing-left:1ex"><div dir=3D"auto">The &quot;pawn gets his sales commission.=
=C2=A0<div dir=3D"auto">In EU the banks and/or insurance companies are made=
 liable and fined.</div><div dir=3D"auto">There is no equivalent consumer p=
rotection law in India or USA to my knowledge=C2=A0</div></div><div class=
=3D"m_6948147737471210910HOEnZb"><div class=3D"m_6948147737471210910h5"><br=
><div class=3D"gmail_quote"><div dir=3D"ltr">On Tue, 20 Mar 2018, 09:51 Ban=
ibrata Dutta, &lt;<a href=3D"mailto:[email protected]" target=3D"_b=
lank">[email protected]</a>&gt; wrote:<br></div><blockquote class=
=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padd=
ing-left:1ex"><div dir=3D"ltr">Very pertinent article and headline. My dad,=
 75yr old, was sold (should I say tricked into) a ULIP of 5Lacs, by his &qu=
ot;wealth manager&quot;. His only wealth being his own house and govt. pens=
ion. There should be a possibility of criminal proceedings against such &qu=
ot;wealth managers&quot;. However, we soon realize that the &quot;wealth ma=
nager&quot; is just a little pawn. The tactics are systematic.<br></div><di=
v class=3D"gmail_extra"><br><div class=3D"gmail_quote">On Tue, Mar 20, 2018=
 at 9:51 AM, Suresh Ramasubramanian <span dir=3D"ltr">&lt;<a href=3D"mailto=
:[email protected]" rel=3D"noreferrer" target=3D"_blank">[email protected]<=
/a>&gt;</span> wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:=
0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div link=3D"#0563C=
1" vlink=3D"#954F72" lang=3D"EN-IN"><div class=3D"m_6948147737471210910m_63=
34645449187398750m_-3948422557232195081m_-2897146149229226433WordSection1">=
<p class=3D"MsoNormal"><span style=3D"font-size:11.0pt" lang=3D"EN-US">The =
list has seen zero traffic over the past several months / a few years so ..=
 why not restart it.<u></u><u></u></span></p><p class=3D"MsoNormal"><span s=
tyle=3D"font-size:11.0pt" lang=3D"EN-US"><u></u>=C2=A0<u></u></span></p><p =
class=3D"MsoNormal"><span style=3D"font-size:11.0pt" lang=3D"EN-US">Just ca=
me across this interesting article.=C2=A0 Worth a look =E2=80=93 if only be=
cause a police department has finally taken note of rampant misselling of i=
nsurance (where ICICI is hardly the only offender, any and every marketer o=
f life insurance needs his claims carefully examined before buying anything=
, and even then only buy pure term policies).<u></u><u></u></span></p><p cl=
ass=3D"MsoNormal"><span style=3D"font-size:11.0pt" lang=3D"EN-US"><u></u>=
=C2=A0<u></u></span></p><p class=3D"MsoNormal"><span style=3D"font-size:11.=
0pt" lang=3D"EN-US"><a href=3D"https://thewire.in/business/how-indian-insur=
ance-companies-are-defrauding-the-bottom-of-the-pyramid" rel=3D"noreferrer"=
 target=3D"_blank">https://thewire.in/business/ho<wbr>w-indian-insurance-co=
mpanies-<wbr>are-defrauding-the-bottom-of-<wbr>the-pyramid</a><u></u><u></u=
></span></p></div></div>
<br>______________________________<wbr>_________________<br>
India-gii mailing list<br>
<a href=3D"mailto:India-gii-IAPFreCvJWP2/[email protected]" rel=3D"noreferrer" target=
=3D"_blank">India-gii-IAPFreCvJWP2/[email protected]</a><br>
<a href=3D"https://lists.india-gii.org/mailman/listinfo/india-gii" rel=3D"n=
oreferrer noreferrer" target=3D"_blank">https://lists.india-gii.org/ma<wbr>=
ilman/listinfo/india-gii</a><br>
<br></blockquote></div><br><br clear=3D"all"><br>-- <br><div class=3D"m_694=
8147737471210910m_6334645449187398750m_-3948422557232195081gmail_signature"=
 data-smartmail=3D"gmail_signature">regards,<br>Banibrata<br><a href=3D"htt=
p://www.linkedin.com/in/bdutta" rel=3D"noreferrer" target=3D"_blank">http:/=
/www.linkedin.com/in/bdu<wbr>tta</a><br><a href=3D"http://twitter.com/edgel=
iving" rel=3D"noreferrer" target=3D"_blank">http://twitter.com/edgeliving</=
a></div>
</div>
______________________________<wbr>_________________<br>
India-gii mailing list<br>
<a href=3D"mailto:India-gii-IAPFreCvJWP2/[email protected]" rel=3D"noreferrer" target=
=3D"_blank">India-gii-IAPFreCvJWP2/[email protected]</a><br>
<a href=3D"https://lists.india-gii.org/mailman/listinfo/india-gii" rel=3D"n=
oreferrer noreferrer" target=3D"_blank">https://lists.india-gii.org/ma<wbr>=
ilman/listinfo/india-gii</a><br>
</blockquote></div>
</div></div><br>______________________________<wbr>_________________<br>
India-gii mailing list<br>
<a href=3D"mailto:India-gii-IAPFreCvJWP2/[email protected]" target=3D"_blank">India-gi=
[email protected]</a><br>
<a href=3D"https://lists.india-gii.org/mailman/listinfo/india-gii" rel=3D"n=
oreferrer" target=3D"_blank">https://lists.india-gii.org/ma<wbr>ilman/listi=
nfo/india-gii</a><br>
<br></blockquote></div><br></div>
</div></div><br>______________________________<wbr>_________________<br>
India-gii mailing list<br>
<a href=3D"mailto:India-gii-IAPFreCvJWP2/[email protected]">India-gii-IAPFreCvJWP2/[email protected]=
org</a><br>
<a href=3D"https://lists.india-gii.org/mailman/listinfo/india-gii" rel=3D"n=
oreferrer" target=3D"_blank">https://lists.india-gii.org/<wbr>mailman/listi=
nfo/india-gii</a><br>
<br></blockquote></div><br><br clear=3D"all"><br>-- <br><div class=3D"gmail=
_signature" data-smartmail=3D"gmail_signature">regards,<br>Banibrata<br><a =
href=3D"http://www.linkedin.com/in/bdutta" target=3D"_blank">http://www.lin=
kedin.com/in/bdutta</a><br><a href=3D"http://twitter.com/edgeliving" target=
=3D"_blank">http://twitter.com/edgeliving</a></div>
</div>

--f403045f505046bed40567d68cf8--


--===============5438506994518935269==
Content-Type: text/plain; charset="utf-8"
MIME-Version: 1.0
Content-Transfer-Encoding: base64
Content-Disposition: inline

X19fX19fX19fX19fX19fX19fX19fX19fX19fX19fX19fX19fX19fX19fX19fX18KSW5kaWEtZ2lp
IG1haWxpbmcgbGlzdApJbmRpYS1naWlAbGlzdHMuaW5kaWEtZ2lpLm9yZwpodHRwczovL2xpc3Rz
LmluZGlhLWdpaS5vcmcvbWFpbG1hbi9saXN0aW5mby9pbmRpYS1naWkK

--===============5438506994518935269==--