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Beware of spurious phone calls & fraud offers: IRDA

The IRDA has asked all insurers to add warning messages in their product advertisements on the same

January 29, 2014 11:28 IST | India Infoline News Service
The Insurance Regulatory and Development Authority (IRDA) on Monday has asked life insurance companies to warn their customers against falling prey to fictitious calls and false offers.

The IRDA has asked all insurers to add warning messages in their product advertisements on the same.

IRDA or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums, IRDA said in a notification to public.

IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number, it added.

Insurers have been asked to include the above messages, along with voice-over of this content in clear terms with every advertisement/commercial issued in electronic media (TV/cinema halls, etc). All ads/commercial issued from February 1, 2014, should contain this message.

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