SEBI mulls ‘alternate dispute resolution’ tool
The Hindu
‘Aim is to help empower investors’
The Securities & Exchange Board of India (SEBI) is now examining, in consultation with regulated entities, the possibility of introducing alternate dispute resolution mechanism in various agreements (wherever possible) between the regulated entities and their clients.
The regulator had published ‘Investor Charter’ for the securities market last year besides announcing several other steps towards empowerment of investors,
“This is with a view to providing efficacious mechanism for resolving disputes between the investors and the regulated entities,” SEBI said in a statement on Monday.
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Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.