Ever regretted buying an insurance policy? This column often advises readers to do homework before committing money to an insurance policy, warning them against ‘mis-buying’. If you have bought an insurance policy relying on advice and discover later that you have to pay annual premiums on what was sold to you as a single premium policy, if you realise there is a lock-in period for exiting the policy that you did not know about, if you find that the ‘mandatory’ policy you were pressured into taking was optional…. It could be about the nature of the policy, suitability, pricing, what you are entitled to from the policy or what you are obligated to do to maintain it. Like a long-term insurance policy sold as “just like a fixed deposit, but even better” to someone investing retirement savings.

Source: The Hindu March 30, 2026 01:16 UTC