Firstly , ban the banks from selling insurance, the banks are nothing but Insurance companies disguised as Banks.

Hospitals are abusing health insurance

Well said Monika Halan! Shocking to hear that for 27 years IRDAI behaved like an association for the industry rather than as a regulator. Good to hear that the new head is tackling the issues head on.

Apollo,  Astra, ,manipal etc corporate hospitals sucking money from our bones

I am working in a bank. Kindly ban banks to sell insurance. We are selling useless products to customers to fill targets even though we know the company is cheating the customer. Let the company themselves sell the product not the banks

Financial Terrorism. Economic Terrorism. It is rampantly going on in India. And the Government is complicit. SHAME.

LIC Agents are the most dangerous cheaters…..While selling the policies they mislead the people and cheat them…..I have been personally cheated by them and so I have completely lost faith on Insurances…..

I'm an insurance agent secondly and a policyholder first.... She is spitting 100% truth

insurance brokerage were 50% , no wonder why so many claims are being rejected.

Insurance is a legal scam of corporations and supported by regulators.

In india even govt is involved, that why no action till date. Lic and psu banks too are involved. So, it will be a miracle if it's implemented.

In 2014, my friend from Nasik, who had a Grape farm suffered huge losses due to untimely rains. Govt agencies had not warned grape farmers about the European Union ban on some pesticides. He suffered 2 seasons of losses & was under huge financial losses. He missed his life insurance policy premiums for those 2 years. The policy lapsed. But he had paid first few years of premium. He died of cardiac arrrest after those 2 years of crop failure & his family got NOTHING. 2 Children, both school going. NOTHING.

In 2022, a gynaecologist of Manipal Hospitals, Bengaluru advised hysterectomy for my wife. From the body language of her conscientious attendants, we understood that the Doctor’s intent was money (₹ 1.2 lakhs), never mind the harming of the patient. We quit. We went to an Ayurvedic Clinic of Sri Sri Ravishankar Ashram. The Vaidhyā of the clinic cured my wife’s condition in no time (just a couple of weeks). She charged only ₹ 700 for consultation including medicines!

Very Bold and accurate statement from very intelligent women . At least she got the guts to speak facts about this dumb, pathetic & silly insurance industry.

Mam monica 💯✅ correct
I am 67 years old and paid insurance premiums more than 15 lakhs as life vechile pa health. In return only 3 lakh from life and small health claim. 47 years time span.

Perfectly put  and Well said  Madam.  Even many educated people got fooled by Insurance company  Mis-selling

Finally,  a good move to re-energize the Insurance industry in India, this move rekindles growth in this industry

Very intelligent and to the point answers 👏

Yes.. the commissions itself suggests how much policy holder is losing

I am in Insurance sector for more than 4+ years now, there is a lot of miss-selling in this sector, and too much pressure from our RM's and Senior to close policies, and do policies on regular basis, they don't spend time to update and teach thier Agents, intermediaries about the Product Knowledge, and its if's nad buts just want to do more policies in bulk they belive in qty. Rather than quality, plus when some case gor stuck because of thier negligence or or mis-selling they stop responding to client and their agents, I have bring up these matters to the senior often but no response from them, the whole command chain is like that, plus there is also too much trouble from customer side they only interested in their cashback, rather then understanding the Product, or its basics