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The principle complaints about insurance coverage brokers promoting insurance policies is that they mislead clients on the time of promoting or hid info intentionally associated to claims, which resulted into declare rejections. The Shopper Ministry is taking this matter very critically after varied complaints of shoppers concerning insurance coverage coverage corporations. It has written a letter to the Monetary Providers Secretary and gave some steered, which, if carried out, can tighten noose on insurance coverage companies.
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The Shopper Affairs Secretary has proposed that brokers wouldn’t have the ability to mislead whereas promoting insurance coverage insurance policies. Photograph: Unsplash/Representational
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