Life insurer Select AFSL, director hit with $13M penalty for unconscionable sales tactics

Insurance 2023-07-04 2:48 pm By Cindy Cameronne | Sydney

Select AFSL, its related entities and its director have been slapped with $13.6 million in penalties after a judge found that the life insurer used unconscionable phone sales tactics to “wear down” often vulnerable consumers, including migrants and Indigenous communities.