IRDA to insurers: Act against spurious calls
Saturday, 29 January 2011, 06:06 IST
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New Delhi: In the wake of rising spurious calls with attractive insurance policies on offer, sector regulator IRDA has asked industry players to tackle the menace to protect the interest of investors. The Insurance Regulatory and Development Authority (IRDA) in a letter to the Chief Executives of all General and Life Insurance companies has said that it has received complaints about certain spurious calls identifying themselves as IRDA employees in a bid to sell policies. "It is necessary for the insurers too to get this matter investigated and initiate necessary action," IRDA executive Director A Giridhar said. IRDA has filed a police complaint to stop this menace and also issued a notice cautioning people regarding such callers. In addition, IRDA has also written to some of the insurers, whose names these callers are purported to have used.
Source: PTI
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