Questionable business practice

Hi Mr. Tan,

I would like to bring you to the attention of this practice an insurance company agency is carrying out at IT exhibition fairs such as Sitex 2010 which starts today.

They claim to offer car insurance quotes. From anecdotal accounts (such as one here), the representatives at the fair will approach exhibition goers with car insurance, trying to get them to discuss it at their booth. They will later try to push financial products like anticipated endowment plans to these people. 

Their website currently lists their address. A quick reference reveals this address to be a building of a life insurance company. They also collect personal and contact information on their website. I can only imagine how such particulars are being used.

I cannot imagine this to be tolerable by local regulators. Is there a channel where we can notify the regulators to look into this matter?

Many thanks for reading.

REPLY

You can lodge a complaint with MAS.