Monika Halan is Editor, Mint Money, and part of the leadership team at Mint - India’s second largest business newspaper. A Certified Financial Planner, she has a Masters in Economics from the Delhi School of Economics, and a second Masters in Journalism Studies from College of Cardiff, University of Wales, UK. She has worked earlier in Business Today, The Economic Times, The Indian Express, edited Outlook Money, worked with the Government of India as an advisor to the Swarup Committee in 2009, and is the Yale World Fellow from India for 2011. She is also a member of the SEBI Mutual Fund Committee and on the Board of Directors of the Financial Planning Standards Board India. She has run three successful TV series around personal finance advice - Let’s Talk Money on NDTV 24/7 and Profit was the longest running and most successful. Her latest show, Smart Money, runs on Bloomberg India. She is based in New Delhi
Estimating losses to consumers due to mis-sold life insurance policies
19 Feb 2014
Mis-selling of financial products has prompted regulators in India to work on consumer protection in financial markets. However, evidence on actual mechanisms and extent of mis-selling is lacking. This column estimates losses to consumers owing to mis-selling of Unit Linked Insurance Products in India between 2004-2005 and 2009-2010 – one of the biggest episodes of malpractice in the country’s finance sector.
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