The Insurance Regulatory and Development Authority of India (IRDAI) keeps on taking steps to safeguard the interest of the buyers and potential customers of insurance policies. In a recent communication, IRDAI has once again raised the concern on spurious phone calls and fictitious and fraudulent offers.
The level of Cyber crime has reached at its peak when IRDAI informs about the serious issue. It is worth mentioning that the IRDAI does not involve directly in the sale of any kind of insurance or financial products nor invest the premium received by the insurance companies nor announce any bonus for policyholders or insurers.
