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Why IRDAI Is Planning to Tighten Insurance Mis-Selling?

Groww Edge

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In this video, learn how India’s life insurance industry saw policy surrender and withdrawal payouts jump to ₹2.80 lakh crore in FY26, exceeding total maturity payouts for the first time. Discover how front-loaded distributor commissions, high first-year agency incentives, and aggressive bancassurance sales drive 61st-month policy persistency rates down to 50%. Find out how upcoming IRDAI salesperson tagging rules, RBI bancassurance bans, and Bima Sugam’s direct distribution model aim to dismantle mis-selling mechanics and protect retail policyholders.

0:00 : Introduction
1:50 : The Misselling Reality
3:00 : Commission vs Premium Growth
4:35 : Front-Loaded Commissions Problem
5:38 : Persistency Ratio & Policy Drops
8:08 : Company-Wise Surrenders
10:42 : The Bancassurance Push
11:45 : Conclusion

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Research Analyst disclaimer: https://groww.in/p/sebi-research-anal...
Name of the Research Analyst - Shreesha Ramesh Desai
SEBI Registration name & number - bit.ly/4iBf3z8

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About the anchor - Jayant Mundhra:

Jayant started career as a business analyst at Bain & Company, then worked in the startup ecosystem for a few years, post which he dived into the world of content, decoding business and economics on LinkedIn, Instagram, Substack and WhatsApp.

Find him here:

Instagram - Instagram: marketswithjayant
LinkedIn - LinkedIn: jshilanjanm
WhatsApp community - https://t.ly/h2jq1
Substack Newsletter (Decoding the Dragon) - https://t.ly/chnwj
Substack Newsletter (BharatNama) - https://t.ly/bwj

20 Comments

@sandeepkumarsah8891 5 days ago

Recently a union bank employee mis-selling insurance to my father, they tell that after 3 years you can withdraw all your money with interest but when I see policy paper there is no mention of 3 years term instead mentioned 10 year term with deposit yearly after 30 years I can withdraw all money then complain this into IRDAI bima portal for wrong information and mis selling this scheme , let's see when this resolved and refund

@AkashYadavOriginal 4 days ago

6:15 My neighborhood uncle works as LIC agent. LIC gives so much commissions that he sometimes gives policies of his relatives and neighbours for free. Yes for free with premium of 12 months paid by him and you can continue the policy if you want or leave it as he gains a lot for completing the quotas. He has given 4 policies to my parents and even gave me one policy.

@akulkrishna9985 5 days ago

This video deserve a like and hype 🤩

@srinivasanramamoorthi280 4 days ago

I like the presenter's style- he goes like a bullet, every sentence is carefully phrased, no needless build-up or florish and completely to the point. ❤

@RitikJain7676 5 days ago

Yes please, make the video on that too.

@rahlgupt 5 days ago (edited)

Axis bank is life insurance company.. avoid axis bank.. a lot of mis-sale, fraud calls, anyhow selling of life insurance. Every week new events for axis bank staff if targets achieved by bank staff as cake cutting, movie tkts, party at local level and party at large scale foreign trips for bank staff if huge targets achieved

@bodhraj7043 5 days ago

When you visit any private bank..and discuss with bank manager....you will notice that you are surrounded by
1)insurance agent
2)mutual fund distributer..
I have been mis selled a policy by AXIS bank. ..
Bank are not allowded to sell any insurance product

@harleenkaurnagpal1951 4 days ago

great video plz do deeep dive

@kamleshverma123 4 days ago (edited)

Bajaj finance walo ne yahi kiya tha emi main ac liye aur jb 1st emi deduct hua to pta chala emi ka amount jyda h . Office jane par pta chala inhone koi insurance add kar diya h jo ab cancel nhi ho skta. Hame pta he nhi tha ki insurance jaisi koi chij bhi inhone add ki hai.

@gourav.Agrawal 5 days ago

Paid 10,700 quarterly for 3 years and after that I stopped paying, now my surrender amount is less than 80% of my paid amount. This LIC is SCAM.

@Harshsinghal691 5 days ago

Track record is more important for lawyers that must be shown in a transparent Government verified website like in the US

@Vamshiteja-z1h 5 days ago

From the last few days I was using reddit it's very fun.
Can you please make a deep dive on why brands don't focus on reddit.
I feel you guys can attract premium customer through reddit please make a community there.😊

@rupesh7744 4 days ago

I need a deep dive into it

@dh.patel.12 5 days ago

great insight

@DheerajSingh-c1z3j 4 days ago

Bhai groww me koi server issue h kya ? Ops something went wrong sham se hi dikha rha h

@PrinceKumar-rw2tc 5 days ago

Sir lic Wale paise kha jate hay

@update8391 5 days ago

Next Asset restructuring company

@prakxyz 5 days ago (edited)

IRDA was sleeping this entire time.
Bharti Axa miss saled me policies which caused me loss of 30K.
I compalained to Bharti Axa but they did not took any action on the fraud agent

@Sachinkirodiwal90 4 days ago

Next deep dive

@aaravmehta9776 4 days ago

Please bring more storylines like these which help us salaried professionals to make better and informed decisions in financial lending space. Also as someone who is BFSI enthusiasts, I would prefer more videos with various innovation in industry