Role of agents soliciting life insurance policies needs to be looked into: NCDRC

The Commission reiterated that should there be a suppression of facts in the proposal form, the insurance policy would be voidable by the insurer.
Consumer Protection
Consumer Protection

The National Consumer Disputes Redressal Commission (NCDRC) recently advised the lnsurance Regulatory and Development Authority of lndia (IRDA) to issue fresh guidelines on the conduct and responsibilities of insurance agents as regards full disclosure and consequences of non-disclosure of medical conditions of customers [HDFC Standard Life lnsurance Co Ltd v Vishan Rathore].

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