Mis-Selling Insurance

IRDAI New Policy Cap: A Game-Changer for LIC Advisors

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IRDAI New Policy Cap A Game-Changer for LIC Advisors

IRDAI New Policy Cap – The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a significant regulatory change that is expected to reshape the dynamics of the insurance industry. The decision to cap the sale of insurance policies through banks at 50% has sparked a lot of discussion and brought about mixed reactions … Read more

What is Bima Sugam? And what are the IRDAI chief guidelines on Mis-Selling of insurance?

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What is Bima Sugam and what guidelines did IRDAI chief give on Mis-Selling Insurance

The insurance sector in India is poised for transformative changes with the introduction of digital platforms like Bima Sugam and a renewed focus on ethical practices. Recently, IRDAI (Insurance Regulatory and Development Authority of India) chief, Mr. Debasish Panda, raised critical concerns about the mis-selling and force-selling of insurance policies by banks. These practices, which … Read more