IRDAI imposes Rs 1 crore penalty on Canara HSBC Life over mis-selling policy to 88-year-old
New Delhi, Sep 11 (IANS) The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs 1 crore on Canara HSBC Life Insurance Company Limited for mis-selling a life insurance policy to an 88-year-old customer.