Disappointed that our suggestions on strengthening policyholder protection framework were not considered, says insurance brokers’ association chief | Simply Save
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The Insurance Brokers’ Association of India (IBAI) president Sumit Bohra is hopeful that their recommendations on making the grievance definition more robust, strengthening anti-mis-selling provisions and allowing intermediaries to represent policyholders at grievance redressal forums will be accommodated when IRDAI issues master circulars on these regulations in future. He also bats for trail-based commissions model, which can help curb mis-selling in this interaction with Moneycontrol. Tune into Simply Save for more.
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