Stating that insurance policies are prone to fraud or mis-selling is the unfortunate “fact” of today. It’s more or less obvious to a lot of people, given the high number of customers who have experienced mis-selling or fraud. There are… Continue Reading
Insurance industry in India is one of the leading sectors of our economy and is a significant contributor behind the rise of country’s GDP. But, it is hemorrhaging because some fraudulent minds are draining the endeavors of real insurers by… Continue Reading
Loan against insurance is a market segment where several schemes and products are offered by banks and other financial institutions. It is unfortunate that several customers have been falling prey to frauds even in this segment. Loan against insurance policies… Continue Reading
Insurance Industry faces a major challenge of insurance mis selling. These mis selling are of two types: Types of Insurance Mis-selling Insurance not matching with the needs of customer Insurance being sold on exaggerated promises There are various reasons of… Continue Reading