2025, Vol. 6, Issue 2, Part V
Analysis of unfair trade practices in the insurance sector under district consumer forum in Uttar Pradesh
Author(s): Tanisha Jain and Yashpal Singh
Abstract: The Insurance Sector is very important for the growth of any economy. Its contribution to GDP is about 3.7% in the financial year 2024. For any economy, the Insurance sector works like the backbone of that economy. However, consumer confidence is being impacted by the unscrupulous business practices of insurance companies. The current regulatory system has not been able to keep the dishonest elements under strict control. The service providers con the customers in Uttar Pradesh as well. However, relatively few people approach consumer forums, and even fewer manage to obtain justice for inadequate insurance services. The researcher has examined the decisions made by the Uttar Pradesh State Consumer Dispute Redressal Commission to evaluate the exploitation of customers by the insurance service providers in order to study the unfair business practices currently practiced in Uttar Pradesh. When consumers sign into agreements with insurance companies, the researcher also examines whether they are informed of the outcomes of their submissions and the formal requirements.
DOI: 10.22271/27084515.2025.v6.i2v.943
Pages: 2023-2028 | Views: 93 | Downloads: 41
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How to cite this article:
Tanisha Jain, Yashpal Singh. Analysis of unfair trade practices in the insurance sector under district consumer forum in Uttar Pradesh. Asian J Manage Commerce 2025;6(2):2023-2028. DOI: 10.22271/27084515.2025.v6.i2v.943
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