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Being a bank relationship manager is not simple to accomplish, especially when you have to fulfil a sales target that is generally multiples of your take-home pay. These bankers are always trying to persuade their customers to invest in a variety of financial products, such as term deposits and mutual funds. Along with these, they like …
Despite increased knowledge of health insurance, many aspects of health plans remain poorly understood by policyholders. Let us try to understand the basic difference between the add-ons ‘top-up’, ‘super top-up’ and ‘Unlimited restoration’ in a health insurance policy. Firstly, a ‘top-up plan’ is an add-on coverage that supplements a health insurance policy. It provides additional …
The Finance Ministry recently penalized Public-sector Banks (PSBs) for improperly marketing products related to insurance. The Central Vigilance Commission has also warned against compelled insurance sales, claiming that the temptation of commissions from their sale might alter the overall quality of loans issued. While government bodies and its agencies are taking efforts to avoid mis-selling, customers …