90-Year-Old Sold a 100-Year Policy ? The Reality of Bank Mis-selling !!

Описание: Recently, a shocking case involving Canara Bank came to light where a 90-year-old senior citizen was allegedly mis-sold a life insurance policy with an annual premium of ₹2 Lakhs. The most disturbing part? The policy was set to mature in the year 2124—when the policyholder would be 190 years old.
​In this video, we break down the facts of this case and discuss why such instances of "mis-selling" are becoming common in the banking sector. More importantly, I share 5 essential tips to help you and your family members, especially senior citizens, stay safe from such financial traps.

​📌 Key Takeaways & Tips:
​The 'Bank vs. Insurance' Rule: Understand that a bank's primary job is banking. Avoid buying complex insurance products over the counter without expert advice.

​Verify the Maturity Date: Always demand a 'Benefit Illustration' and double-check exactly when the policy matures.

​The Free-Look Period: You have a 15–30 day window to cancel any new policy and get a full refund if you feel you were misled.

​Support our Seniors: Don't let elderly family members handle large bank transactions alone. Relationship managers often leverage their trust to meet sales targets.

​How to Complain: If you are a victim of mis-selling, don't just stop at the Branch Manager. Escalate your grievance to the Banking Ombudsman or IRDAI.

​🔗 Important Links for Grievance Redressal:
​RBI Ombudsman: https://cms.rbi.org.in/
​IRDAI Bima Bharosa: https://bimabharosa.irdai.gov.in/

​Disclaimer:
​This video is for educational and awareness purposes only. It is based on news reports from sources like CNBC-TV18. Viewers are advised to conduct their own due diligence before making any financial decisions.
​If you found this video helpful, please LIKE, SHARE, and SUBSCRIBE to spread awareness.

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