Blog Details

Introduction: Insurance mis-selling in India has become a significant concern, affecting

countless policyholders. Mis-selling occurs when insurance products are sold by providing

misleading information or without adequately explaining the terms, leading to unsuitable

policies for the buyers.

Common Forms of Mis-Selling:

Inadequate Disclosure: Agents often fail to disclose critical policy details, such as exclusions

or waiting periods.

Pressure Tactics: Customers are sometimes coerced into buying policies they don't need.

Misrepresentation: Policies are presented as investment tools with guaranteed returns,

which may not be accurate.

Impact on Consumers: Mis-sold policies can lead to financial losses, lack of coverage when

needed, and a general mistrust in the insurance sector.

Conclusion: Awareness and understanding of insurance products are crucial. Consumers

should thoroughly read policy documents and seek clarification on any doubts before

purchasing.

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blog resources.