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Misselling in Insurance Industry

Cases of Mis-selling in insurance industry are increasing at a rapid rate and if you are facing the same issue and looking for a resolution then we are here to help. We will help you get your hard earned money back. We are the industry leaders in the Insurance Grievance Space in India.<br>Visit us: https://www.insurancesamadhan.com/misselling-of-insurance-policy<br>

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Misselling in Insurance Industry

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  1. Mis-selling in Insurance Industry India is a country with a population of over 1.3 billion. There is a substantial percentage which is still unable to pay for the medical expenses. This is where insurance comes into play. There are 35 insurance companies in India. They sell insurance policies which provide protection against financial risks, medical emergencies and accidents. However, these insurance policies have been mis-sold by many people, who have exploited loopholes in the law to sell them without informing customers about their limitations and exclusions. This can lead to huge losses for policyholders due to the lack of information about their coverage.

  2. Despite the awareness drives by IRDAI and the Insurance Companies, common man are falling in trap of insurance mis-selling and Fraud. Such instances bring down the trust in Insurance and also spoils the reputation of the company. Read how one of our customer was misled into purchasing an insurance policy involving a premium of Rs 60,000/- Mr. Ganesh Gowda was contacted by a tele-caller offering him an interest-free loan of Rs 16,00,000.

  3. As he looked for a business loan, he was contacted by a man claiming to be an insurance agent with XYZ insurance company, promising him the loan. As part of the interest-free loan, he told him that he would need to purchase an insurance policy, and the loan amount would be credited to his account in 20-25 days after the policy is issued. He waited 20-25 days but never received the loan amount, so he called the tele-caller, but no one answered. He contacted the insurance company after realizing the fraud, but they denied his refund since he approached after the free-look period. He lost all his hope of getting his money back. He came to Insurance Samadhan and we helped him getting his claim back within 15-25 days by representing his case correctly to the insurance company.

  4. If you are also a victim of mis-selling in insurance, you must immediately contact your insurance company. If you need help, you can also contact Insurance Samadhan. We have resolved 15,000+ insurance-related complaints. These insurance complaints include claim rejection, delay in claim settlement, fraud and mis-selling in insurance. Contact us to get samadhan for your insurance-related issues, we’ll be happy to help you. Insurance Samadhan is a private organization and has no association with IRDA or any Government body.

  5. Thank You

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