Finance
Mr. BillionhairIrdai Warns: Insurance Misselling Crisis—Act Now!
Folks, let’s talk about misselling in insurance! It’s a BIG issue! Irdai says insurers need to dig deep and find the root cause. Grievances? Stuck at 1,20,429—almost the same! But UFBP complaints? They’ve shot up! Insurers must shape up and tackle this mess. Finance Ministry says, 'No more misselling!' We need to win bigly in insurance! It’s time to step up!
few days ago | Press Trust of India
Quick rundown
1.Misselling in insurance remains a major concern.
2.Grievances under unfair practices have increased.
3.Insurance penetration in India is below global average.
4.Insurance density in India shows a modest rise.
5.Irdai emphasizes the need for root cause analysis.
