What is mis-selling? As the name suggests, it involves selling products by giving false or partial information.
Wondering how is it relevant to you? It is not restricted to any particular kind of product, rather it has become quite common in the insurance sector, a place which is highly susceptible to mis-selling. Consumers are convinced in such a way that they end up buying an unsuitable product. Many times, the risks are not explained properly and misleading information is given.
Now comes the most important question – how to avoid mis-selling of life insurance policies?
Here are a few tips: