Some occurrences have been seen by the Authority that overall population are accepting calls from people who case to be agents of IRDA and offering Insurance strategies of various insurance agencies with different advantages, (for example, offering of grant alongside approach and so forth.).

The overall population is therefore educated that Insurance Regulatory and Development Authority is an administrative body which does not include straightforwardly or through any illustrative in offer of any sort of protection or budgetary items.

Any individual making any sort of 'exchange with such people/operators will do likewise at their own danger. In the event that any individual from general society notification such examples he/she may stop a police dissension in the nearby police headquarters.

Insurance Regulatory and Development Authority (IRDA) has been getting protests, through email/letters and in its Integrated Grievance Management System, from individuals from open educating the Authority that they are accepting spurious calls from unidentified persons:

• Claiming to be delegates of IRDA and offering protection arrangements of various insurance agencies with different advantages.

• Claiming that IRDA is dispersing reward to protection arrangement holders out of the assets contributed by insurance agencies with IRDA.

• Claiming that the policyholder would get rewards being dispersed by IRDA on the off chance that they buy a protection arrangement and sit tight for a couple of months after which the reward would be discharged by IRDA.

• Advising clients to subscribe to new approach after surrender of the current strategy and sit tight for a couple of months after which the new arrangement would be entitled for extra upgraded returns/advantages.

• Informing that 'Survival Benefit or Maturity Proceeds or Bonus' is expected under their current approach and putting resources into another protection arrangement is required to get the sums which are expected.

• Advising open to put resources into protection approaches to profit blessings, special offers, intrigue free credits, or setting up of Telecom towers or other such offers.