50% of complaints against pvt life insurance companies in 22-23 were unfair business practice grievances: IRDAI
The total number of grievances lodged against all life insurers in India decreased from 1,54,826 in 2021-22 to 1,27,378 in 2022-23, as per the report. Grievances against private sector life insurers increased from 40,624 in 2021-22 to 45,884 in 2022-23.
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