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Many articles, many opinions and many comments across various newspapers, business channels and internet predominantly paint the agents in black… as if the “entire” blame for mis-selling rests with the agents. Read more
Implementation of product design guidelines poses a big challenge for life insurers, especially for a player like Life Insurance Corporation of India (LIC). The withdrawal of products that have been serving customers for more than five decades places reputation at risk, says D K Mehrotra, chairman, LIC, in an interview with Aswathy Varughese & Raj Nambisan. Edited Read more
Mis-selling of insurance policies and delay in claim settlements top the list of 2,341 complaints lodged by aggrieved customers with the  Chandigarh Insurance Ombudsman.
“We have received maximum complaints against insurance companies pertaining to mis-selling of insurance products followed by delay  in settlement of claims,” an official of Insurance Ombudsman said here. Read more