Misselling of life insurance policies at alarming level, says Irdai

The Insurance Regulatory and Development Authority of India (IRDAI) has raised concerns about the widespread misselling of life insurance policies. The issue involves agents providing misleading information or pressuring customers into buying policies that may not meet their needs. The article discusses recent IRDAI reports indicating a surge in consumer complaints and the regulator’s efforts to address these problems through stricter guidelines and enhanced oversight. The article emphasizes the need for greater transparency and accountability in the insurance sector to protect consumers' interests.