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Insurance or investment? IRDAI’s proposed mis-selling rules put bank-sold policies under the scanner

Source: Business Today

In a consultation paper released on September 23, IRDAI has proposed 12 practices that could be treated as mis-selling of life insurance. The rules are not final yet, but they offer an important warning for customers buying insurance through banks and other distribution channels.

Attribution

This digest is published with acknowledgment to Business Today. For the complete analysis, headnotes, and citations, please refer to the source.

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