🔑 Mis-selling in insurance refers to unethical or fraudulent practices in selling insurance policies.
🔑 It involves making false or misleading statements, withholding important information, or pressuring consumers into unsuitable policies.
🔑 Examples of mis-selling include selling policies to those who don’t need them and making false promises about returns or benefits.
🔑 To avoid mis-selling, consumers should research, ask questions, read the policy carefully, be wary of high-pressure sales tactics, and seek professional advice.
🔑 Taking these steps will help consumers make informed decisions and choose the right insurance policy for their needs.