How to do fake insurance Many times you get a phone call from an unknown number and from the other side you are told that, their insurance company is insuring two wheeler and four wheeler at a lower price under the offer. In such a situation, when you get 25% or 40% cheaper insurance than the market price. So you quickly transfer the money to the fake insurance company. Sometimes it happens that you get insurance first and you transfer the money later.
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When is insurance revealed to be fake – Whenever there is an accident in your car or two wheeler and your vehicle breaks down. After this, when you claim for insurance. So you come to know that your insurance is fake. In such a situation, you may also face a lot of trouble.
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Here’s how to know if the insurance is real or fake- IRDAI has also issued some guidelines to avoid this fraud going on in auto insurance. Taking care of them, people can avoid such fraud. By IRDAI www. A website named Policyholder.gov.in has also been started. Where you can avoid fraud by taking information. Whichever insurance company you are getting the vehicle insured. It is mandatory to be registered with IRDAI. In such a situation, you can first check the name of the insurance company by visiting the website of IRDAI to see if there is any company with that name. If not, do not get insurance by mistake. Every insurance company is given a unique identification number (UID) by IRDAI. Which also stays in your insurance policy. If your policy does not have a UID, then it means that the policy is fake. You can also complain to the IRDAI with the police.