Insurance
Regulations: Rs3.1-crore Penalty on Bajaj Allianz

For rejecting claims and overpaying agents

IRDA has imposed a huge penalty—of Rs3.1...

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Life Insurance: Continued Fraudulent Selling

What are IRDA and insurers doing?

The new trend of fraudulent selling of policies that...

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Banking: Password-generating credit card

ICICI Bank has launched ‘ICICI Bank Carbon’ credit card in partnership with Visa. This card generates one time passcode for transactions by using an alphanumeric LCD screen, a 12-button touch keypad and an in-built battery. Using the keypad, user has to enter her 4-digit CodeSure PIN (obtained from ICICI Bank website) which then generates dynamic passcodes on the LCD screen. Its battery lasts for three years. ICICI Bank Carbon card is available for a one-time fee of Rs1,000.

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