From 1-month to 1-year: Longer free-look for insurance policies – The Times of India
MUMBAI: Govt is working on several measures in the insurance sector, including extending the free-look period on policies and introducing a composite insurance licence. These initiatives aim to reduce mis-selling and increase insurance penetration in the country.A key step to curb mis-selling is extending the free-look period to one year, instead of the current norm…