Ref : IRDA/CAD/PNTC/MISC/046/01/2014
The general public is hereby informed that IRDAI 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, IRDAI informs the members of public that:
1. IRDAI does not involve directly or through any representative in sale of any kind of insurance or financial products.
2. IRDAI does not invest the premium received by insurance companies.
3. IRDAI does not announce any bonus for policyholders or insurers.
4. Any person making any kind of transaction with such individuals/agents will be doing the same at their own risk.
Consumer Affairs Department