4208: Policyholders exiting long-term plans early will lead to asset-liability management issues, MTM losses for insurers, says Aditya Birla Sunlife CEO | Simply Save
There must be provisions against mis-selling – for instance, measures to say that a 10-year premium payment policy cannot be sold to someone over the age of 60 years. If there is mis-selling, then there should be a mechanism to give the entire premium back to policyholders, says Kamlesh Rao, MD and CEO, Aditya Birla Sunlife Insurance. Tune into Simply Save for details.