Endowment misselling occurs when customers are sold insurance without being given all the necessary information, leading to situations where they do not have the benefits claimed in the insurance agreement. This can happen due to misrepresentation, failure to inform about other options, or deliberate omission of data. Ultimately, customers may lose money and jeopardize their […]
Endowment misselling is when customers are sold endowment insurance without being given all the necessary information. This can happen through misrepresentation of what the insurance provides, failure to inform customers of other options, or requiring insurance to obtain mortgage financing. The seller’s failure to adequately inform the buyer can lead to customers losing money and […]
