Many people in India receiving fake calls and
person introducing himself as a representative of IRDA of India and offering
services related to insurance. In recent days it has increased. Looking to the
interest of the general public IRDA of India warns public about these types of
fake calls and also urges to public register FIR if they received these types of
calls. The Authority many times issued public ads and also instructed insurers
to inform about this by all their public interaction related activities. The IRDA
of India letter details are as under:-
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“Insurance Regulatory and Development Authority (IRDA) has been receiving
complaints, through email/letters and in its Integrated Grievance Management
System, from members of public informing the Authority that they are receiving
spurious calls from unidentified persons: · Claiming to be representatives of
IRDA and offering insurance policies of different insurance companies with
various benefits. · Claiming that IRDA is distributing bonus to insurance
policy holders out of the funds invested by insurance companies with IRDA. ·
Claiming that the policyholder would receive bonuses being distributed by IRDA
if they purchase an insurance policy and wait for a few months after which the
bonus would be released by IRDA. · Advising customers to subscribe to fresh policy
after surrender of the existing policy and wait for a few months after which
the fresh policy would be entitled for additional enhanced returns / benefits.
· Informing that ‘Survival Benefit or Maturity Proceeds or Bonus’ is due under
their existing policy and investing in a new insurance policy is mandatory to
receive the amounts which are due. · Advising public to invest in insurance
policies to avail gifts, promotional offers, interest free loans, or setting up
of Telecom towers or other such offers. The general public is hereby informed
that IRDA is a regulatory body established by an Act of Parliament, i.e. the
Insurance Regulatory and Development Authority Act 1999, to protect the
interests of the policyholders, to regulate, promote and ensure orderly growth
of the insurance industry and for matters connected therewith or incidental
thereto. Further, IRDA informs the members of public that: · IRDA does not
involve directly or through any representative in sale of any kind of insurance
or financial products. · IRDA does not invest the premium received by insurance
companies. · IRDA does not announce any bonus for policyholders or insurers. ·
Any person making any kind of transaction with such individuals/agents will be
doing the same at their own risk. IRDA hereby urges the public to remain alert
and not to fall prey to frauds or scams perpetrated by miscreants who
impersonate to be employees / officers of IRDA or other insurance companies. If
any member of the public notices such instances, he or she may lodge a police
complaint, along with the details of the caller and telephone number from which
the call was received, in the local police station.”
Recently authority has released two videos which are
clearly stating how to deal with these type of fake calls persons.
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It is welcome move by the authority and it will definitely
save the interest of common man. These videos uploaded on IRDA of India
official website and also available on YouTube website and in future these
videos also will advertise in media and TV channels. India’s regulator wants
protection of policy holder in any cost. Now time to public watch these videos
and save their interest.
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