Fraudsters dupe customers of 4 insurance companies

After ICICI Prudential, fraudsters have now targeted four insurance companies, including SBI Life Insurance, by stealing their customer database and duping some policy holders.

IRDA asks insurers to tie-up with agents for atleast 3yrs

In order to protect the interest of policyholders from agents or corporate agents switching from one insurance company to another, IRDA instructed all insurers to enter into an agreement with agents for a minimum of three years.