The regulator has urged the public to remain alert and not to fall prey to fraud and cheating by the said entity
Insurance Regulatory and Development Authority of India (IRDAI) has cautioned people against rampant fraud and cheating by an entity by the name of Digital National Motor Insurance, operating out of Bangalore in selling policies without a license.
Despite lacking any license or registration to sell insurance policy of any kind, Digital National Motor Insurance has been selling insurance policies, the regulator said in a public notice.
The company's website is https://dnmins.wixsite.com/dnmins. The email-id of the entity is firstname.lastname@example.org.
"The Authority cautions the public not to make any transaction related to insurance business with M/s DIGITAL NATIONAL MOTOR INSURANCE," IRDAI said in the notice.
The regulator has urged the public to remain alert and not to fall prey to fraud and cheating indulged in by the said entity.