Beware: Empowering you with your rights as consumers
Published on Sat, Oct 10, 2009 at 17:34 | Source : CNBC-TV18
Updated at Thu, Nov 19, 2009 at 16:23
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Beware: Empowering you with your rights as consumers
Over the next few weeks we empower you with your rights as a consumer and investor and stand up to fight with you. With your help, we will also track down economic criminals who rob you of your hard earned money.
Over the next few weeks we empower you with your rights as a consumer and investor and stand up to fight with you. With your help, we will also track down economic criminals who rob you of your hard earned money.
There is a concerted attempt by many insurance distributors to take you for a ride when you buy a ULIP or unit linked insurance plan. Over the past five years, more than Rs 60,000 crore has been paid by investors as commissions to agents. In return, many have suffered huge losses as they were wrongly advised. As we discovered, rather than cracking down on this malpractice, companies seem more eager to continue paying hefty commissions. And all of it comes from your pocket.
