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Irdai Warns Against Buying Health Insurance Plans From This Unregistered Website

Irdai Warns Against Buying Health Insurance Plans From This Unregistered Website

On April 13, 2022, the Insurance Regulatory and Growth Authority of India (Irdai) issued a see in community interest warning against acquiring wellness coverage insurance policies from an unauthorised, unregistered site, even.in. The title of the entity is “Even Health care Pvt Ltd”.

The regulator additional clarified that the insurance policies available by Even Health are not health insurance coverage options, and the reported entity is not registered with Irdai.

The general public observe issued by Irdai through round explained, “It has appear to the notice of Irdai that an entity named ‘Even Health care Pvt Ltd’, which has a corporate office at No.311,6th Major Highway, HAL 2nd Phase, Indira Nagar, Bengaluru, Karnataka- 560038, and a web-site www.even.in, is featuring health and fitness designs. It is to inform the general public that the designs presented by Even Overall health are not wellbeing insurance policy strategies, and the mentioned entity is not a registered entity with Irdai. General public subscribing to these ideas of ‘Even Health care Pvt Ltd’ are encouraged to take note that they are dealing at their own risk.”

“It is clarified that only Irdai-registered coverage companies or their appointed coverage brokers and insurance intermediaries can sell insurance plan merchandise. The general public is hereby recommended to workout caution while working with unregulated entities and to avail of wellbeing insurance policies items and products and services from Irdai registered insurance plan organizations,” the insurance plan regulator mentioned. 

The listing of insurance policies organizations registered with Irdai could be accessed at https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Format.aspx?web site=PageNo264&mid=3.2.10, said the regulator.

The regulator problems notices in general public interest warning the public not to invest in overall health and lifetime insurance policy policies from “fake” or “unregistered” web-sites from time to time. Also, to protect consumers’ interest versus spurious calls and fraudulent offers, Irdai also asks lifetime insurers to flash general public notices prominently on their websites. At the same time, Television set commercials need to run the information for at the very least 5 seconds of area.

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