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Indian government extends free look period for insurance policies to one year to curb mis-selling.
The Indian government has instructed insurance companies to extend the free look period for policyholders from one month to one year, allowing customers to cancel their insurance and get a full refund without penalty.
This move aims to prevent mis-selling and will be accompanied by a "call back" feature where insurers follow up with customers to ensure satisfaction.
The changes follow a decline in complaints about unfair practices in the insurance sector.
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El gobierno indio extiende el período libre para las pólizas de seguro a un año para frenar las ventas erróneas.