IRDA Giving Bonus

Hi some days before I got a call that the Insurance Regulatory and Development Authority IRDA is giving bonus on the policy so I want to know that is this Ok

Hey it is a fraud call by stating that the IRDA is distributing bonus to insurance policy holders out of the funds invested by insurance companies with IRDA.

IRDA never directly call to the customers of policy

The below type calls are also considered as the fraudster


Saying that the policyholder receive bonuses being distributed by IRDA if they purchase an insurance policy and wait for a few months after which the bonus would be released by IRDA.

Telling to the policyholders that money of their policy is fraudulently transferred to someone else and, they have to fulfil certain formalities including payment of money

Saying they are from the Grievance Cell or IGMS Department of IRDA with a complaint made against an insurer and for resolving the grievance and release of benefit, they have to fulfil certain formalities including payment of money.

IRDA not involve directly or through any representative in sale of any kind of insurance or financial products.

IRDA does not invest the premium received by insurance companies.

IRDA does not announce any bonus for policyholders or insurers.

IRDA has put in place Grievance Redressal Cell in Consumer Affairs Department,

IRDA or its officials dealing with Grievance Management do not make calls in relation to complaints lodged with IRDA as IRDA plays a facilitative role and does not adjudicate upon or investigate into such complaints

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Answered By StudyChaCha Member