Life insurance mis-selling: Review benefit illustration, premium table
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar advised buyers to judge their own needs, ask questions, get promises in writing and resist pressure, and explained the complaint route from the insurer to the Bima Bharosa portal, the ombudsman and consumer courts.
More of Abhishek's views on insurance
The article looks at a rise in IRDAI complaints about unfair business practices by life insurers. It describes common mis-selling tactics, such as comparing policies with fixed deposits, hiding lock-ins and charges, pushing the wrong product and rushing buyers, and explains the free-look period and how to file a complaint.
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Life insurance mis-selling: Review benefit illustration, premium table