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Insurance mis-selling: Retired professor gets ₹10.6 lakh; court says signatures alone don’t prove informed consent

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India

Insurance mis-selling: Retired professor gets ₹10.6 lakh; court says signatures alone don’t prove informed consent — Sources: Livemint

A Hyderabad consumer commission ordered a ₹10 lakh insurance refund to a 73-year-old retired professor after finding the policy was sold without free and informed consent. The bank and insurer were also ordered to pay ₹60,000 in compensation and costs.

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