SECP asks people to review terms, conditions of insurance policies
Business
March 13, 2021
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) urges public at large to carefully read all the contents of documents presented before them by an insurance agent before signing to understand the terms and conditions of the product being offered.
“Reliance may not be placed on verbal promises made by insurance agents unless stated in the policy documents,” an SECP statement said on Friday.
The SECP has always strived to develop a fair, efficient and transparent market, based on international legal standards and best practices, for the protection of investors and policyholders.