Insurers flout norms, use pyramid selling schemes
Pyramid schemes, where recruiting more sellers is more important than selling, aren’t new in India. An investigation by ‘Outlook Money’ magazine, the content partner for Mint’s personal finance coverage in the Business of Life section, reveals that such schemes are now being used by corporate insurance agents -- in violation of norms laid down by the Irda
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Kudos to MLM companies instilling a habit of investing among people. I say quite innovative. Though i am not, or was never associated with an MLM, looking at the brighter side, There are opportunities to earn a decent livelihood + low investments for the MLM business. Best of luck and god speed
ranjyot