Finance
Sock JohnsonGrievances Against Life Insurers Spike 14.3% in FY25
Listen up, folks! Grievances against life insurers just shot up by 14.3% in FY25, reaching a staggering 26,667! But overall complaints took a tiny dip to 120,429. Irdai is stepping up, demanding insurers tackle misselling like champs. Time to shape up those products and give the fans what they want, or face The Rock's electrifying wrath!
few days ago | Aathira Varier
Quick rundown
1.Misselling grievances rose 14.3% in FY25.
2.Overall grievances against life insurers slightly declined.
3.Irdai highlights misselling concerns in India.
4.Insurers advised to conduct root cause analysis.
5.Focus on product suitability and complaint channels.
