Complaints about Life and Car Insurance coverage – FBC Information

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Car insurance coverage claims and life insurance coverage insurance policies, particularly points concerning give up values, had been accountable for almost all of complaints obtained by the Fijian competitors and shopper fee between 2019 and 2024.

Krishna Keshwan, senior regulation officer of the FCCC, informed the Standing Committee on Financial Affairs that the fee had obtained 60 complaints over the 5 years.

Keshwan provides that it contains 25 casual and 35 formal complaints.

‘The character of those complaints was primarily the insurance coverage fee that isn’t registered, the insurance coverage declare doesn’t pay, the refund of charges‘

Keshwan provides that though the fee has not but obtained formal complaints associated on to insurance coverage brokers, they nonetheless perform shopper consciousness packages.

He additionally indicated the readiness of the FCCC to contribute to any attainable evaluate of the Insurance coverage Act.

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