Sunday, March 16, 2025 | 09:06 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Japan Post probe uncovers 9,000 cases of improperly sold insurance: Report

A Japan Post Insurance spokesman said the company was not the source of the report, and that the date to release the final report was not yet decided

Irdai in talks with insurance firms hit by govt's mega PSB merger drive
Premium

Reuters Tokyo
An investigation by the Japan Post group has found some 9,000 cases of improperly sold insurance, the Yomiuri Shimbun reported on Sunday, adding the group will release the findings on Dec. 18.
Japan Post Insurance Co Ltd, a unit of Japan Post Holdings, said in September it discovered 6,327 cases of improper sales and that 1,400 cases among them are suspected of violating the law.

A special investigation committee spoke to around 120,000 clients in determining the number of mis-sold policies over the past five years, the newspaper said, citing people familiar with the matter.

In some cases, terms and conditions were not
Topics : Insurance

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in