Compensate life insurance mis-selling victims
But the problem is that it is difficult to establish misselling since customers sign on the papers.
In a conversation with this reporter, an official from the Ministry of Finance, who did not wish to be identified, admitted that rampant misselling in the life insurance industry has been a matter of concern for the ministry for some time now. “Misselling has always been on our agenda and the kind of money that investors have lost is worrisome. I think it is deliberate on the part of the insurers to not publish how much the investors have lost but we will now take it up with the insurers," he said.