The next time you get a call from a telemarketer asking you to buy an insurance product, make sure you are not made to buy only the specific product that they wish to sell.
The new guidelines for the web aggregators issued by the Insurance Regulatory and Development Authority of India (IRDAI) mandates that no insurance web aggregators should promote or push a particular product of a particular company either through its web-site or through distance marketing. Further, the product has to be sold based on the need analysis of the prospect.
