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Many homeowners have a big insurance coverage gap — and don't even know it
The brief
- Homeowners may have insurance coverage gaps, leaving them financially exposed
- Consumers are likely unaware of the shortfall, experts said
- Indian insurers may face greater scrutiny over policy adequacy and customer protection
- Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI
- Irdai’s distribution overhaul: Will it make insurance cheaper, curb mis-selling?
- Will your insurance premium get cheaper? Here’s what IRDAI’s proposed reforms could change
- IRDAI’s proposed reforms will push adoption, make insurance buying more consumer-friendly, says chairman Ajay Seth
- Insurance reforms aim to cut costs, widen access: IRDAI chairman Ajay Seth