Finance
Sock JohnsonIrdai Slams Misselling in Insurance – Time to Step Up!
Listen up, insurance warriors! Irdai just dropped the truth bomb: misselling is a heavyweight champ in the ring! With complaints holding steady at 1,20,429, it's time for insurers to tackle those unfair practices, which skyrocketed to 26,667! The Finance Ministry is on your tail, so get those game plans ready and electrify the industry! Know your products, or feel the smackdown!
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.
