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Mis-selling of Insurance
A frequent fraud is misleading a customer into purchasing an insurance coverage on the basis of a false promise. You may fight fraud and Mis-selling with the use of Policy Cab. To ensure that policyholders receive what they are due, it is critical to reduce fraud losses and safeguard them.
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What is Mis-selling of insurance?
When a customer is tricked into buying insurance coverage based on a fictitious promise, mis-selling has taken place. When the insurance coverage doesn't include the benefits you were promised, you may frequently feel defrauded. Although that is a sad fact, we are here to reassure you that you are not fighting fraud and insurance mis-selling alone.
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Faqs
Mis-selling of Insurance
There are many ways by which an insurance policy can be mis-sold to you.
Some examples are:
• Insurance sold as a fixed deposit in the bank.
• Promise of tower installation.
• Promising interest free loan on the mortgage of the insurance policy.
When an agent or intermediary intentionally sells a customer an insurance policy that isn’t what it is, isn’t adequately disclosed to them, or is offered
outside of their original target market, this is known as mis-selling of insurance plans
The only time you must appear at the Ombudsman hearing is after you receive the date and time
