IRDA cautions public not to buy unauthorised insurance policies

Insurance Regulatory and Development Authority(IRDA) today cautioned the public that Allied Trade Masters operating from Prashant Vihar, New Delhi, has not been licensed or granted registration to sell insurance policies of any kind in India.

In a recent statement here, the Insurance Regulatory said, it has been brought to the notice that an entity by name Allied Trade Masters, operating from New Delhi, has been selling motor insurance policies.

In this connection, the Authority cautions the public not to buy insurance policies from Allied Trade Masters.

The Public are informed that the Authority is taking action against the entity and the persons connected with that entity.

IRDA hereby urges the public to remain alert and not to fall prey to frauds and cheating indulged in by the said entity, the statement added.

Source: WebIndia123