A2ii – Access to Insurance Initiative

A2ii – Access to Insurance Initiative

• a2ii.org/en/home

• 16.  Mis-selling means irresponsible selling & includes:
  • misrepresenting facts to garner business
  • distort facts to paint a rosy picture of the product
  • unethical practice like concealing some vital information
  • selling a whole life policy to an ineligible person (a man with huge savings/investments with no spouse & no dependent children)
  • sale of an insurance policy to one who is not financially sound
• So, how do we deal with such mis-selling in the face of lack of consumer awareness?
  • Consumer complaints on the rise? So, how do we empower consumer organizations to mediate

3rd IAIS – A2ii Consultation Call on “Consumer Protection” Questions and Answers – [download-link]