"Offered a Stroller for Signing Up for Child Insurance?" Report It to the Financial Supervisory Service!
If you receive an offer of expensive gifts or insurance premium subsidies in exchange for signing up for an insurance policy, it may be illegal. If you receive an offer of expensive gifts or insurance premium subsidies in exchange for signing up for an insurance policy, it may be illegal. The Financial Supervisory Service (FSS) is cracking down on such practices, and both insurance agents and policyholders involved in these activities can face criminal penalties. In this blog post, we’ll explore the risks of special inducements and the consequences they may bring. If you’ve been offered expensive gifts or premium subsidies when signing an insurance contract, consider this a serious red flag. According to the Financial Supervisory Service, over the past four years (2020–2023), 205 insurance agents were sanctioned for violating the prohibition on offering special inducements, with 16 cases being referred to law enforcement. Special inducements refer to offering or promising money or...