This development comes at a time when several companies have launched new insurance policies in view of coronavirus. Online purchase has become the preferred mode of buying insurance during the current lockdown and the interest in buying insurance has also increased.
“There are occasional reports of fraudsters offering insurance with unusually low premium from fake entities through online/digital mode. The public are hereby cautioned not to fall prey to such offers,” the insurance regulator said in a release on Monday.
IRDAI further advised customers to ensure that insurance policies are purchased only from the following entities:
1. Insurance Companies registered with IRDAI
2. Insurance intermediaries who can solicit business and are registered with IRDAI.
3. Insurance agents duly appointed by Insurance Companies.
The approved list of insurers and intermediaries can be checked from IRDAI’s portal, it said, while agents’ authenticity can be verified from the portals of respective insurers.
Here’s a list of all registered insurance companies and intermediaries shared by IRDAI:| Entity registered with IRDAI | Website Link |
| Life Insurers | https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo129&mid=3.1.9 |
| General and Health Insurers | https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo264&mid=3.2.10 |
| Insurance Brokers | https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo2120&mid=9.3.7 |
| Web Aggregators | https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo2337&mid=9.6.1 |
| Insurance Marketing Firms | https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo2744&mid=9.8.3 |
| Corporate Agents | https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo2818&mid=38.2.5 |