Irdai urges bankers to focus on core job, not sell insurance alone; avoid mis-selling

Debasis Panda, IRDAI Chairman, urged bankers to prioritize their core functions and avoid solely focusing on insurance sales. While acknowledging the benefits of bancassurance in expanding insurance penetration, Panda highlighted concerns about mis-selling and emphasized the need for ethical practices. He stressed the importance of restoring confidence in the system through collaborative efforts between banks and insurers.