IRDAI alerts public to fraudulent consumer education website

The Insurance Regulatory and Development Authority of India (IRDAI) has alerted the public to a fraudulent website that’s masquerading as IRDAI’s official consumer education website, inducing policyholders to make premium funds on-line and accumulating their private particulars.

“It has been observed that the fraudulent website, is misusing the official emblem and icons of IRDAI, the Department of Financial Services, india.gov.in, and the Council of Insurance Ombudsman. Further, the website has been found to be engaged in unauthorised activities such as attempting to induce policyholders to make premium payments online and collecting their personal details,” the insurance coverage regulator mentioned.

IRDAI doesn’t accumulate premium, take cash for the settlement of declare, or facilitate any monetary transactions on its website. The official consumer education website of IRDAI exists solely to present genuine info to policyholders on insurance coverage consciousness, their rights and grievance redressal choices. IRDAI’s official consumer education website may be assessed with the URL: it mentioned.

The matter, pertaining to the fraudulent website, has been escalated to the involved authorities for pressing and applicable motion. The normal public is suggested to chorus from accessing or partaking with the fraudulent website and to rely solely on the IRDAI’s official portals, the regulator mentioned.