{"id":25664282,"date":"2026-10-28T15:09:21","date_gmt":"2026-10-28T09:39:21","guid":{"rendered":"https:\/\/entri.app\/blog\/?p=25664282"},"modified":"2026-10-28T15:10:23","modified_gmt":"2026-10-28T09:40:23","slug":"banks-mis-selling-mutual-funds-and-insurance","status":"publish","type":"post","link":"https:\/\/entri.app\/blog\/banks-mis-selling-mutual-funds-and-insurance\/","title":{"rendered":"Banks Mis-Selling Mutual Funds and Insurance"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6ae1d6ea86077\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6ae1d6ea86077\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/entri.app\/blog\/banks-mis-selling-mutual-funds-and-insurance\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/entri.app\/blog\/banks-mis-selling-mutual-funds-and-insurance\/#What_is_Mis-Selling_of_Mutual_Funds_and_Insurance_by_Banks\" >What is Mis-Selling of Mutual Funds and Insurance by Banks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/entri.app\/blog\/banks-mis-selling-mutual-funds-and-insurance\/#How_Big_is_the_Mis-Selling_Problem_in_India\" >How Big is the Mis-Selling Problem in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/entri.app\/blog\/banks-mis-selling-mutual-funds-and-insurance\/#Why_do_Banks_Mis-Sell_Financial_Products\" >Why do Banks Mis-Sell Financial Products?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/entri.app\/blog\/banks-mis-selling-mutual-funds-and-insurance\/#Common_Mis-Selling_Traps_to_Watch_For\" >Common Mis-Selling Traps to Watch For<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/entri.app\/blog\/banks-mis-selling-mutual-funds-and-insurance\/#FD_vs_Mutual_Fund_vs_Insurance_What_are_You_Actually_Buying\" >FD vs Mutual Fund vs Insurance: What are You Actually Buying?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/entri.app\/blog\/banks-mis-selling-mutual-funds-and-insurance\/#Red_Flags_Before_You_Sign\" >Red Flags Before You Sign<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/entri.app\/blog\/banks-mis-selling-mutual-funds-and-insurance\/#How_to_Protect_Yourself_from_Bank_Mis-Selling\" >How to Protect Yourself from Bank Mis-Selling<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/entri.app\/blog\/banks-mis-selling-mutual-funds-and-insurance\/#What_to_Do_if_You_Were_Mis-Sold\" >What to Do if You Were Mis-Sold<\/a><\/li><\/ul><\/nav><\/div>\n<p>Banks are guilty of mis-selling mutual funds and insurance when they try to sell you a product that just isn&#8217;t right for your needs or risk tolerance. Or worse still, they either fob you off from the key risks, charges and exit terms.<\/p>\n<p>The product itself might be genuine but it is often sold as &#8220;completely safe&#8221; or &#8220;bank-backed&#8221; even if its performance is tied to the market.<\/p>\n<p>IRDAI reported a 14% leap in unfair business practice complaints against life insurers reaching 26,667 in the year that just ended. And now RBI&#8217;s &#8216;anti-mis-selling&#8217; rules are coming into effect on 1st of January, 2027.<\/p>\n<p style=\"text-align: center;\"><a style=\"text-align: center;\" href=\"https:\/\/entri.app\/course\/personal-finance-course-in-kerala\/\" target=\"_blank\" rel=\"noopener\"><b>Ace your personal finance journey with Entri&#8217;s Personal Finance Online Course. Join Now!<\/b><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span><strong>Key Takeaways<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Banks sell third-party products as distributors, not neutral advisers.<\/li>\n<li>Mutual funds and ULIPs are not bank deposits and carry market risk.<\/li>\n<li>RBI\u2019s new rules define mis-selling, ban forced bundling and require refunds from January 1, 2027.<\/li>\n<li>Check charges, lock-ins, surrender value and risks before signing.<\/li>\n<li>Keep records and complain to SEBI, IRDAI or the RBI Ombudsman.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Mis-Selling_of_Mutual_Funds_and_Insurance_by_Banks\"><\/span><strong>What is Mis-Selling of Mutual Funds and Insurance by Banks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mis-selling is when a bank pushes a financial product that is completely unsuitable for your own circumstances. This can be either because they haven&#8217;t told you the whole story or didn&#8217;t get your okay before making the sale \u2013 or even worse just turned it into an &#8216;add on&#8217; you had to have.<\/p>\n<p>When RBI issued its final guidance on this in June 2026, they defined it more or less exactly the same way. A sale can technically be a mis-selling even if you signed on the dotted line as long as the product clearly didn&#8217;t suit you when you bought it.<\/p>\n<p>For example, it is actually possible to buy a ULIP \u2013 that is a product which doubles up as a life insurance policy and a savings plan. But if your relationship manager tries to sell it to you as some kind of &#8216;FD that gives guaranteed returns&#8217; to an older person who just wants to have some basic life cover or easy access to their cash, that starts to sound like mis-selling<\/p>\n<h5><strong>Simple Rule:<\/strong><\/h5>\n<p>If you can&#8217;t explain what you bought, why, what it costs and how you exit, pause before signing.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Big_is_the_Mis-Selling_Problem_in_India\"><\/span><strong>How Big is the Mis-Selling Problem in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><strong>Indicator<\/strong><\/td>\n<td><strong>Latest data<\/strong><\/td>\n<td><strong>Source<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Unfair business practice complaints against life insurers<\/td>\n<td>23,335 (FY24) \u2192 26,667 (FY25), up ~14%<\/td>\n<td>IRDAI Annual Report 2024-25<\/td>\n<\/tr>\n<tr>\n<td>Mis-selling share of all life insurance grievances<\/td>\n<td>19.33% \u2192 22.14%<\/td>\n<td>IRDAI Annual Report 2024-25<\/td>\n<\/tr>\n<tr>\n<td>Share of private life insurers&#8217; individual new business premium from corporate agents<\/td>\n<td>~53%, with banks alone above 49%<\/td>\n<td>IRDAI Annual Report 2024-25<\/td>\n<\/tr>\n<tr>\n<td>Complaints received by RBI Ombudsman offices<\/td>\n<td>About 2.96 lakh in FY25<\/td>\n<td>RBI Ombudsman Annual Report 2024-25<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>With banks bringing in about half of private life insurers&#8217; new individual business, the branch counter is where many of these sales happen.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_do_Banks_Mis-Sell_Financial_Products\"><\/span><strong>Why do Banks Mis-Sell Financial Products?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Banks essentially act as middlemen between you and the insurance companies and mutual fund houses and they get a commission for every sale they make.<\/p>\n<p>Also, branch staff are usually expected to meet sales targets which can create a conflict of interest. So, the product that pays the biggest commission isn&#8217;t necessarily the one that is right for you.<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Party<\/strong><\/td>\n<td><strong>Role<\/strong><\/td>\n<td><strong>Possible conflict<\/strong><\/td>\n<\/tr>\n<tr>\n<td>You<\/td>\n<td>Buy a product for a financial goal<\/td>\n<td>You may get a sales pitch instead of neutral advice<\/td>\n<\/tr>\n<tr>\n<td>Bank<\/td>\n<td>Distributes third-party products<\/td>\n<td>May favour products with better commissions<\/td>\n<\/tr>\n<tr>\n<td>Insurer or fund house<\/td>\n<td>Issues the product<\/td>\n<td>Wants higher sales and policy renewals<\/td>\n<\/tr>\n<tr>\n<td>Relationship manager<\/td>\n<td>Sells and services the product<\/td>\n<td>May be influenced by targets or incentives<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>RBI&#8217;s new rules ban sales contests that encourage push-selling and any third-party incentives to staff selling those products.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Common_Mis-Selling_Traps_to_Watch_For\"><\/span><strong>Common Mis-Selling Traps to Watch For<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h5><strong>1. &#8220;Guaranteed returns&#8221; on market-linked products.<\/strong><\/h5>\n<p>No equity mutual fund or ULIP can guarantee returns. If someone promises &#8220;assured 12%,&#8221; ask for it in writing with the risk disclosure.<\/p>\n<h5><strong>2. Mutual funds are sold as &#8220;safer than FDs.&#8221;<\/strong><\/h5>\n<p>Equity funds can fall sharply, and debt funds carry credit, interest-rate and liquidity risk.<\/p>\n<h5><strong>3. Insurance is sold as an investment.<\/strong><\/h5>\n<p>To protect your family&#8217;s income, a term plan usually beats an endowment, money-back or ULIP policy.<\/p>\n<h5><strong>4. Long lock-ins in the fine print.<\/strong><\/h5>\n<p>Many traditional policies run 10 to 20 years and pay a low surrender value in the early years.<\/p>\n<h5><strong>5. Products bundled with loans, cards or FDs.<\/strong><\/h5>\n<p>RBI&#8217;s 2026 rules prohibit compulsory bundling of third-party products and bar banks from funding a product out of your loan without explicit consent.<\/p>\n<h5><strong>6. Charges buried in the brochure.<\/strong><\/h5>\n<p>Allocation, administration, mortality and fund management charges, plus surrender charges and exit loads, quietly eat your returns.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FD_vs_Mutual_Fund_vs_Insurance_What_are_You_Actually_Buying\"><\/span><strong>FD vs Mutual Fund vs Insurance: What are You Actually Buying?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><strong>Feature<\/strong><\/td>\n<td><strong>Bank FD<\/strong><\/td>\n<td><strong>Mutual fund<\/strong><\/td>\n<td><strong>Insurance plan<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Main purpose<\/td>\n<td>Capital preservation<\/td>\n<td>Long-term wealth creation<\/td>\n<td>Financial protection<\/td>\n<\/tr>\n<tr>\n<td>Returns<\/td>\n<td>Fixed, as per terms<\/td>\n<td>Market-linked, not guaranteed<\/td>\n<td>Depends on product type<\/td>\n<\/tr>\n<tr>\n<td>Risk<\/td>\n<td>Low<\/td>\n<td>Market, credit and liquidity risk<\/td>\n<td>Exclusions and surrender terms matter<\/td>\n<\/tr>\n<tr>\n<td>Liquidity<\/td>\n<td>Premature withdrawal with penalty<\/td>\n<td>Depends on exit load<\/td>\n<td>Often limited in early years<\/td>\n<\/tr>\n<tr>\n<td>Regulator<\/td>\n<td>RBI<\/td>\n<td>SEBI<\/td>\n<td>IRDAI<\/td>\n<\/tr>\n<tr>\n<td>Best for<\/td>\n<td>Emergency fund, short-term goals<\/td>\n<td>Long-term goals<\/td>\n<td>Protecting dependants<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A bank selling a mutual fund or insurance policy doesn&#8217;t make it a bank deposit.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Red_Flags_Before_You_Sign\"><\/span><strong>Red Flags Before You Sign<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>&#8220;This is guaranteed, just like an FD.&#8221;<\/li>\n<li>&#8220;Sign today, the offer closes tonight.&#8221;<\/li>\n<li>&#8220;You need this to get your loan or credit card.&#8221;<\/li>\n<li>Staff dodge questions on charges, surrender value, exit load or risk.<\/li>\n<li>The pitch is based on your bank balance, not your goals.<\/li>\n<li>You don&#8217;t receive the policy document, benefit illustration or fund factsheet.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Protect_Yourself_from_Bank_Mis-Selling\"><\/span><strong>How to Protect Yourself from Bank Mis-Selling<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><strong>Ask These Questions First<\/strong><\/h3>\n<ol>\n<li>Is this a deposit, mutual fund, insurance policy or hybrid product?<\/li>\n<li>Who issues it, and which regulator oversees it?<\/li>\n<li>Is my principal guaranteed? If not, what are the risks?<\/li>\n<li>What is the total cost, including commissions and exit costs?<\/li>\n<li>What happens if I stop paying, surrender early or redeem in a market fall?<\/li>\n<li>Are you advising me as a bank employee, insurance agent or mutual fund distributor?<\/li>\n<\/ol>\n<h3><strong>Check Suitability, Not Just Returns<\/strong><\/h3>\n<p>A good product matches your goal, time horizon, income stability, dependants and need for liquidity.\u00a0Saving for a home in two years? A long lock-in policy is a poor fit.<\/p>\n<p><span style=\"color: #333333; font-size: 15px;\"><div class=\"lead-gen-block\"><a href=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/04\/Personal-Finance-coursePDF.pdf\" data-url=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/04\/Personal-Finance-coursePDF.pdf\" class=\"lead-pdf-download\" data-id=\"25556854\"><\/span><\/p>\n<p style=\"text-align: center;\"><button class=\"btn btn-default\">free download PERSONAL FINANCE course roadmap<\/button><\/p>\n<\/a><\/div>\n<h3><strong>Demand Full Cost Disclosure<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td><strong>What to check<\/strong><\/td>\n<td><strong>Mutual fund<\/strong><\/td>\n<td><strong>Insurance policy<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Key documents<\/td>\n<td>SID, KIM, factsheet, riskometer<\/td>\n<td>Policy document, benefit illustration, Customer Information Sheet<\/td>\n<\/tr>\n<tr>\n<td>Costs<\/td>\n<td>Expense ratio, exit load<\/td>\n<td>Allocation, admin, mortality, fund management, surrender charges<\/td>\n<\/tr>\n<tr>\n<td>Performance or benefits<\/td>\n<td>Returns vs benchmark<\/td>\n<td>Death and maturity benefits, surrender value<\/td>\n<\/tr>\n<tr>\n<td>Fine print<\/td>\n<td>Fund category, risk level<\/td>\n<td>Exclusions, waiting periods, free-look terms<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><strong>Compare Direct and Regular Mutual Fund Plans<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td><strong>Feature<\/strong><\/td>\n<td><strong>Direct plan<\/strong><\/td>\n<td><strong>Regular plan<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Purchase route<\/td>\n<td>Directly from the AMC or a direct platform<\/td>\n<td>Through a distributor or bank<\/td>\n<\/tr>\n<tr>\n<td>Distributor commission<\/td>\n<td>Not included<\/td>\n<td>Included in the expense ratio<\/td>\n<\/tr>\n<tr>\n<td>Expense ratio<\/td>\n<td>Lower<\/td>\n<td>Higher<\/td>\n<\/tr>\n<tr>\n<td>Best for<\/td>\n<td>Self-directed investors<\/td>\n<td>Investors who want ongoing help<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Banks sell regular plans. In equity funds, the cost gap is often around 0.5 to 1 percentage point a year. This compounds into a large sum over 15 to 20 years.<\/p>\n<h3><strong>Use the 30-Day Free-Look Period<\/strong><\/h3>\n<p>IRDAI gives you 30 days from the time you get the policy document to take a long hard look at what you are being sold. That is for life and health insurance policies that last a year or more.<\/p>\n<p>If you decide the policy isn&#8217;t what they have promised, just send a written request to cancel it within that time period. If you do decide to cancel, the insurer may still charge you a bit for the time you had the policy \u2013 but that would be all.<\/p>\n<p>At the end of the day, the most important thing is to never let anything pressure you into buying something. Give yourself a day or two \u2013 ask them to send you the paperwork by email. Then spend some time at home going over it all before you make any decisions.<\/p>\n<p style=\"text-align: center;\"><a style=\"text-align: center;\" href=\"https:\/\/entri.app\/course\/personal-finance-course-in-kerala\/\" target=\"_blank\" rel=\"noopener\"><b>Ace your personal finance journey with Entri&#8217;s Personal Finance Online Course. Join Now!<\/b><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Do_if_You_Were_Mis-Sold\"><\/span><strong>What to Do if You Were Mis-Sold<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h5><strong>Step 1: Collect evidence.<\/strong><\/h5>\n<p>Save application forms, policy or scheme documents, receipts, messages and the names of staff involved.<\/p>\n<h5><strong>Step 2: Complain in writing.<\/strong><\/h5>\n<p>Approach the bank, insurer or AMC first and get a complaint reference number.<\/p>\n<h5><strong>Step 3: Escalate to the right forum.<\/strong><\/h5>\n<table>\n<tbody>\n<tr>\n<td><strong>Product<\/strong><\/td>\n<td><strong>First stop<\/strong><\/td>\n<td><strong>Escalate to<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Mutual fund<\/td>\n<td>AMC or distributor<\/td>\n<td>SEBI SCORES (scores.sebi.gov.in), then SMART ODR (smartodr.in)<\/td>\n<\/tr>\n<tr>\n<td>Insurance<\/td>\n<td>Insurer&#8217;s grievance officer<\/td>\n<td>IRDAI Bima Bharosa (bimabharosa.irdai.gov.in) or Insurance Ombudsman<\/td>\n<\/tr>\n<tr>\n<td>Bank conduct<\/td>\n<td>Bank&#8217;s grievance cell<\/td>\n<td>RBI Integrated Ombudsman (cms.rbi.org.in)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>You can approach the RBI Ombudsman if the bank rejects your complaint or doesn&#8217;t reply within 30 days.\u00a0From <strong>January 1, 2027<\/strong>, if mis-selling is established, the bank must refund what you paid and compensate any loss under its board-approved policy.<\/p>\n<h5><strong>Step 4: Don&#8217;t stop premiums impulsively.<\/strong><\/h5>\n<p>Check surrender value and tax impact first.<\/p>\n<p>Building the knowledge that stops mis-selling is the key. The best protection is knowing what you are buying. Entri&#8217;s stock market and trading courses teach how mutual funds, risk and returns really work.<\/p>\n<div class=\"alert alert-warning\"><strong>Disclaimer:<\/strong>\u00a0The information provided in this article is for general informational purposes only and is not intended as investment advice, financial guidance, or an offer or solicitation to buy or sell any securities. Readers should conduct their own research or consult a qualified financial advisor before making any investment decisions. The author(s) and the publisher disclaim any liability for any loss or damage arising directly or indirectly from the use of or reliance on the information provided herein.<\/div>\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\">\n<p style=\"text-align: center;\"><b>RELATED POSTS<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/blog\/health-insurance-claim-route-cashless-or-reimbursement\/\" target=\"_blank\" rel=\"noopener\"><b>Cashless or Reimbursement: Which Health Insurance Claim Route Works Better for You<\/b><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/blog\/why-your-health-insurance-may-not-cover-as-much-as-you-think\/\" target=\"_blank\" rel=\"noopener\"><b>Why Your Health Insurance May Not Cover As Much As You Think<\/b><\/a><b>\u00a0<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><a 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Or worse still, they either fob you off from the key risks, charges and exit terms. The product itself might be genuine but it is often sold as [&hellip;]<\/p>\n","protected":false},"author":132,"featured_media":25664283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[802,1867],"tags":[],"class_list":["post-25664282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-stock-marketing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Banks Mis-Selling Mutual Funds and Insurance<\/title>\n<meta name=\"description\" content=\"Bank pushing a &quot;safe&quot; ULIP or mutual fund? 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