Irdai highlights mis-selling concerns in insurance sector

The insurance regulator in India, Irdai, has said that mis-selling is a big problem in the insurance sector.

Mis-selling means selling insurance products to people without telling them all the important details.

The number of complaints about unfair business practices has gone up.

Irdai has advised insurance companies to find out why this is happening and to do better at making sure people understand what they are buying.

The report also says that not many people in India have insurance compared to the rest of the world.

The amount of money spent on insurance per person has gone up a little bit.