IRDAI Report: Mis-selling Risks in India's Insurance Market

The IRDAI's annual report reveals that India's insurance market is facing mis-selling risks. Insurers are urged to check product suitability and create plans to handle complaints. In 2024-25, life insurers enjoyed an 18% profit boost, while non-life profits soared by 30%. Overall, the sector shows stability but needs better governance to keep things running smoothly.