insurance ombudsman

Insurance ombudsman says it has no data on awards granted

by
Insurance ombudsman says it has no data on awards granted

MUMBAI: The Council for Insurance Ombudsmen has said that it has no data on insurance companies’ compliance with the awards made in respect of consumer complaints. In response to an RTI query, the CIO stated a lack of information on fulfilled and pending awards.The CIO oversees 17 Insurance Ombudsman offices nationwide. Unlike courts, Ombudsman awards … Read more

Mis-Selling: Insurers need to check mis-selling of their products to customers: Insurance Ombudsman Delhi

by
Mis-Selling: Insurers need to check mis-selling of their products to customers: Insurance Ombudsman Delhi

NEW DELHI: Insurance companies have to keep a check on incidents of mis-selling, Insurance Ombudsman Delhi region Sunita Sharma said on Monday. Stressing that customers are the king and insurers are in existence because of customers, she said companies should avoid mis-selling products. Sharma, a former LIC MD, said usually companies engage customers till the … Read more