Mis-selling of policies through banking channels is resorted to more by private sector insurers. Both RBI and IRDAI must step up to protect investors
A December 12, 2023, Insurance Regulatory and Development Authority of India (IRDAI) draft has caused a 3-6 per cent fall in the stock prices of major listed life insurance firms in past few we eks. The draft looks at reducing the currently exorbitant charges that policyholders pay if they exit earlier than policy maturity.
