The Insurance Regulatory Insurance Regulatory and Development Authority of India (IRDAI) has warned everyone about a company providing motor insurance. The company has issued a public notice a day earlier on 11 February. IRDA has issued a notice warning the Digital National Motor Insurance Company of Bangalore that no license has been issued to sell the insurance policy to this company. The insurance regulator has urged everyone to be careful with the people and said that they should not get caught in the fraud of this fake motor insurance company.
No approval to sell an insurance policy to the fake company
In a public notice issued on February 11, the insurance regulator said that it has come to its notice that #DNMI co. Ltd. Portal Office, Krishna Raja Puram, Insurance Info Building, Devasandra, Bangalore- A company called Digital National Motor Insurance, operating from 560036, is selling insurance policies. According to IRDA, this company has not got the approval of the insurance company. It has neither got a license nor a registration grant to sell any type of insurance policy. In its public notice, IRDA has asked all the people to refrain from mentioning the company’s email id [email protected] and website https://dnmins.wixsite.com/dnmins.
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Any type of transaction denied
The Authority has cautioned people not to conduct any transaction with M / s Digital National Motor Insurance for the insurance business. The company has written about itself on the website of MERDA in Irda’s public notice that it provides insurance cover for cars, bikes, autos and buses. However, IRDA has now urged everyone not to get into the fraud of this fake company.