Business Standard

Buying insurance cover online? Check these parameters to avoid fraud

Never pay in cash and call up insurer to check the genuineness of policy once you get a copy

After the acquisition, Apollo Munich Health Insurance will be merged with the non-life insurance arm of HDFC Ergo

Photo: iStock

Tinesh Bhasin New Delhi
For gullible buyers, there was hardly any difference between and at first glance. Both seemed to be part of the Insurance Regulatory and Development Authority of India. While is a website for online agent registration, the other was a fake website, which sold policies online and operators made it look as if it belongs to the regulator. A fortnight back, the regulator issued a public notice that the domain name is not authorised. Since then, the website is suspended.

The fraud in insurance is not uncommon. Conmen have been duping insurance companies by lodging false claims. All insurers, therefore, have

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First Published: Aug 29 2019 | 8:50 PM IST

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