Spurious Phone Calls and Fictitious/Fraudulent offers – Modification in

• JI~ t11,1aa INSURANCE REGULATORY AND ir.tai DEVELOPMENT AUTHORITY OF INDIA CIRCULAR IRDA /LIFE/MISC/CIR/Z.21/11/2016 November 4, 2016 .. To All Life Insurers Re: Spurious Phone Calls and Fictitious/Fraudulent offers - Modification in Circular Provisions Clause 15 (sub-clauses 15.1 and 15.2) of Master Circular on Insurance Advertisements, IRDAI/LIFE/CIR/MISC/147/08/2015, dated 13.08.2015 (VER-01) states as follows: 15.1 All Life Insurers shall flash on their Home Page of their websites, the following Public Notice issued by /ROAi cautioning general public about spurious calls and fictitious offers. This may also be inserted in a box item prominently at the end of all their product advertisements in print media including pamphlets, publicity material, etc. with a view to educate the customers on the role of Regulator and also caution the public on spurious calls. BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS IRDAI clarifies to public that • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. • IRDAI does not announce any bonus. • Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number. 15.2 At the end of TV Advertisements/Cinema Hall Advertisements of Life Insurance, the slide placed at Annexure -/maybe displayed continuously for a minimum period of 5 (five) seconds. (Hindi version in Annexure-11 is also enclosed). True translation in other Indian Languages may also be used as per need with due certification. In partial modification of the above Master Circular, the provisions of sub-clause 15.2 stands omitted with immediate effect. However, it is reiterated that there is no change in any other provisions of this circular, including sub-clause 15.1 and they . have to be continued with. ~ (Nilesh Sathe) Member (Life) ~l'Jll ~, cftuu(@, iill!fl(iillll, ~-500 004. mur ({): 91-040-23381100, ffi: 91-040-6682 3334 {-~: irda@irda.gov.in ~: www.irda.gov.in Parisharam Bhavan, 3rd Floor, Basheer Bagh, Hyderabad-500 004. India. Ph.: 91-040-2338 1100, Fax: 91-040-6682 3334 E-mail : irda@irda.gov.in Web.: www.irda.gov.in