Irda launches exclusive website for consumer education

<p>The Insurance Regulatory and Development Authority (Irda) has launched an exclusive website for consumer education on insurance products, including what they need to buy and whether they are being offered the right product.

“The objective of having an exclusive website is to educate consumers about insurance in particular, regarding buying insurance, making a claim etc. The website is an attempt to reach out to all to give certain basic generic information on the subjects in order that consumers begin to think and seek answer to questions such as what they need to buy, whether they are being offered the right product,” J Hari Narayan, chairman of Irda, said in a circular on Monday.

To begin with the website – www.policyholders.gov.in – will be in English and then will be enabled in Hindi and so on, according to Irda. The regulator also sought feedback from general public on the website on or before May 21, 2012.