IRDA warns people against fake insurers
By Neelima Shankar
Apr 12, 2013
Print    Email    RSS   

The Insurance Regulatory and Development Authority (IRDA) has cautioned the general public to wary of some logistic services providers selling insurance illegally.

"It has come to the notice of the IRDA that a few entities under the banner of cargo carriers, couriers, logistic providers and transporters are charging consideration from their clientele towards their contractual liabilities using the term insurance," IRDA said in a circular.

Only licensed companies can offer an insurance product and collect or charge insurance premium towards consideration.

The general public should check the veracity of the entity as well as the insurance arrangement promised before making any payment as premium, the insurance regulator said.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Kinds of auto insurance coverage
An insight into two wheeler insurance
Must have add-ons for luxury car insurance
Factors affecting car insurance premium
Some New Ways to Save on Your Car...

account no
how to get dsa of bank
non resident indian quash of false 498a (9873540498)...
how to download my account details
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
last six months statement

New endowment plan launched by PNB met life Feb 18, 2015
Yes bank bagged High performance award 2014. Feb 13, 2015
Banks may strike at February end Feb 4, 2015
Reliance industries to enter in to banking in association with the SBI Feb 3, 2015
OBC bank reported a drop down in its net profit Jan 30, 2015
News Archive