Mis-selling of Insurance

Mis-selling of insurance policies occurs when customers are misled into purchasing coverage based on false promises, pressure tactics, or incomplete information, often leaving them with inadequate or irrelevant coverage. At ClaimNikalwao, we specialize in helping policyholders identify and combat such deceptive practices, providing expert support in policy review.

Register Now
+91 93153 66101

Claim Rejection​

Delay in Claim Process​

Health Claim Reimbursement

Claim Short-Settled

What is Mis-Selling of Insurance?

Mis-selling of insurance happens when an insurance policy is sold to a customer based on false promises, incomplete information, or outright lies. This could involve exaggerating the benefits of a policy, hiding its limitations, or persuading someone to buy coverage they don’t need.

Instances of Insurance Mis-Selling

Selling life insurance as a retirement plan or an investment product without clearly explaining the terms.

Exaggerating returns or coverage amounts to make the policy appear more attractive.

Failing to disclose important exclusions, terms, or conditions of the policy.

Providing incorrect information about premium amounts, lock-in periods, or maturity benefits.

Pushing additional riders or features that the customer does not need.

Selling policies to individuals (e.g., elderly or less educated) who may not fully understand the product or its implications.

Why Choose ClaimNikalwao?

Settlement Rate

95% Success in Settlement

Fraud Detection

85% Fraud Detection Success

Accuracy

98% Accuracy Rate

How ClaimNikalwao Transformed Lives...

Amit Sharma Bangalore

ClaimNikalwao helped me identify a mis-sold insurance policy I didn’t even need. Their expert advice saved me from wasting my hard-earned money. Highly recommended!

Priya Mishra Delhi

The team at ClaimNikalwao is exceptional. They explained my policy in detail and helped me recover my money from an unfairly sold plan. I feel secure now, thanks to them!

Rajesh Gupta Mumbai

I didn’t know I was misled until ClaimNikalwao reviewed my policy. Their professionalism and guidance made a stressful situation manageable. Thank you for your incredible support!

Simran Kaur Chandigarh

ClaimNikalwao educated me on identifying mis-sold policies and ensured I avoided a costly mistake. Their service is a must for anyone buying insurance!

Ramesh Iyer Hyderabad

When I discovered I was a victim of insurance mis-selling, ClaimNikalwao guided me through the process of recovering my money. They turned a nightmare into a relief. Forever grateful!

Latest Blogs & News

What You Should Know About Life Insurance for Seniors

What You Should Know About Life Insurance for Seniors

Need Help?

FAQs

Mis-selling of insurance happens when an insurance policy is sold using false information, misleading promises, or without proper disclosure of terms and conditions.

You might be a victim if:

  • – You were promised benefits that don’t exist in the policy.
  • – The policy does not match your financial needs or risk profile.
  • – Important exclusions and terms were not disclosed to you.
  • – You were forced or misled into buying the policy.
  • – The policy was sold under the false promise of being an ‘investment’ with guaranteed returns.
  • – Selling life insurance as a short-term investment with high returns.
  • – Hiding key exclusions in a health or motor insurance policy.
  • – Forcing elderly individuals or financially unfit people to buy policies they don’t need.
  • – Selling policies with high premiums without disclosing the long-term commitment.
  • – Fake promises of loan approvals in exchange for buying insurance.
  • – Review your policy documents carefully.
  • – Contact your insurance provider to raise a complaint.
  • – Request policy cancellation within the free-look period (15-30 days) if applicable.
  • – Seek professional help from ClaimNikalwao to file a complaint and recover your money.

Yes, if you identify mis-selling within the free-look period, you can cancel the policy and get a refund. If the period has expired, you may still fight for a refund based on the misrepresentation.

  • – The insurance company’s grievance department.
  • – The Insurance Ombudsman if the insurer doesn’t resolve your complaint.
  • – The IRDAI (Insurance Regulatory and Development Authority of India).
  • – Consumer courts if necessary.

You may need:

  • – The insurance policy document.
  • – Proof of misleading communication (emails, messages, call recordings).
  • – Details of the agent or company that sold the policy.
  • – Bank transaction proof of premium payment.

We help by:

  • – Reviewing your policy to identify mis-selling.
  • – Filing complaints with the insurer and regulatory authorities.
  • – Assisting in the refund or policy correction process.
  • – Providing legal support if required.

It depends on the complexity of the case. Some cases get resolved within a few weeks, while others may take months, especially if escalated to legal authorities.

Yes, if you can prove that you were mis-sold a policy, you may be eligible for a full refund or compensation, depending on the case.