Descriptive English मतलब Bank Whizz
Mis-selling of Insurance Products and measures to prevent it The following points are to be elaborated on and the essay is ready.
1. What is mis-selling of Insurance Policies?
2. How does mis-selling take place?
3. Who is the most vulnerable to mis-selling?
4. What are the measures to prevent mis-selling of Insurance policies?
The descriptive section in English focuses on writing skill rather than knowledge. So instead of just focusing on picking up points on different writing topics, you have to practice regularly on a virtual platform that has to be similar to the actual exam.
The descriptive section in English focuses on writing skill rather than knowledge. So instead of just focusing on picking up points on different writing topics, you have to practice regularly on a virtual platform that has to be similar to the actual exam.
Mis-selling of insurance products means ‘selling the insurance products either by giving partial information or wrong information about the products’. According to IRDAI, 25% complaints were reported in the FY2019-20.
Insurance is a kind of arrangement in which a company provides a guarantee of compensation for any kind of loss whether things or one’s life. It is done by the insurer in return for payment of a specified premium. Keeping this in view, insurance is necessary for all; but the irony is that India has been able to penetrate only 3.76% of the total population of
Model Essay – Role of Insurance Sector in the Economic Development of India
Insurance Penetration means ‘Insurance Sector Development’ within a country. It is calculated as percentage of insurance premium to GDP. The penetration takes place in two segments which are non-life insurance segment and life insurance segment.
nsurance Sector has a lot of scope as this sector has penetrated remarkably less area of the country. The allowance of 74% FDIs in this sector has paved the path for higher growth in this sector
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