News From Press Life Insurance Mis-selling: ICICI Prudential refunded Rs 2.9 cr, LI sold as Fixed Deposit in 1 case, says Govt

Life Insurance Mis-selling: ICICI Prudential refunded Rs 2.9 cr, LI sold as Fixed Deposit in 1 case, says Govt

Life Insurance Mis-selling: Thakur said RBI has informed that the Regulatory Guidelines are in place to prevent banks from mis-selling insurance products.

Financial Express Mar 25, 2021

Life Insurance Mis-selling: The Central Government informed the Parliament on Tuesday (March 23, 2021) that the Insurance Regulatory and Development Authority of India (IRDAI) has reported receipt of 316 complaints from 250 policyholders in the last seven years alleging mis-selling of insurance products by some salespersons of ICICI Bank and ICICI Prudential Life Insurance Company.

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