On April 13, 2022, India’s Department of Insurance Regulation and Development (Irdai) issued a notice warning that it would purchase health insurance policies from unauthorized, unregistered websites for the public good. The name of the entity is “Even Healthcare Pvt Ltd”.
Regulators further clarified that the insurance provided by Even Health is not a health insurance plan and that the entity is not registered with Irdai.
The announcement issued by Ildai in the circulation has notified Ildai of an entity named “Even Healthcare Pvt Ltd” headquartered at Indy Lanagar, HAL 2nd Stage, Main Road 311, 6th. , Bengaluru, Karnataka-560038, and the website www.even.in offer health insurance. The plans offered by Even Health are not health insurance plans and are meant to inform the public that the entity is not a registered entity with Irdai. The general public enrolled in these plans of “Even Healthcare Pvt Ltd” are advised to note that they are dealing with them at their own risk. “
“It is clarified that insurance products can only be sold by insurance companies registered with Ildai or their designated insurance agents and insurance intermediaries. For transactions with unregulated entities. We encourage the public to pay attention and use the health insurance products and services of Ildai registered insurance companies. ”
The list of insurance companies registered in Irdai is https: //www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx? You can access it with page = PageNo264 & mid = 3.2.10.
Regulators will issue notices for the public good to warn against purchasing health and life insurance from “fake” or “unregistered” websites. In addition, to protect consumer interests from fake phone calls and fraudulent offers, Irdai is asking life insurers to flash public notices prominently on their websites. At the same time, the TV commercial should run the message for at least 5 seconds.
..
