The Insurance and Regulatory Board of India (IRDAI) recently issued a notice warning the public of a fake IRDAI website that sells insurance policies. The regulatory body alerted the public to not purchase policies from "irdaionline.org" and also clarified that it does not sell any insurance products.
"A website using domain name- www.irdaionline.org is selling insurance to the public. This domain name is not authorized by the Authority (IRDAI). Please note that IRDAI authorized website is having domain name www.irdaonline.org and this website is hosting Centralized Agency Portal. The Authority will take action against any entity that tries to sell insurance without having proper registration. IRDAI does not sell any insurance products," it said.
IRDAI is a statutory body that is resposible for regulating insurance and re-insurance companies in India. As mentioned in its notification, it has only two official websites.
IRDAI repeatedly identifies and issues warning notices on fradulent sale of insurance policies. It has clarified that it does not sell any insurance or financial products and it does not invest premiums or issue bonuses.
Do not provide your personal and confidential details to fraudsters projecting themselves as the IRDAI, either over the internet or over a phone call.