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?
Mis-selling of Insurance Policies 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.