✓ What are the risks of availing car insurance from an IRDAI unregistered company?
IRDAI oversees the development of and policies followed by the insurance sector as a whole. Any insurance provider operating without proper registration with this government body is free to adhere to its own guidelines. Such a company may also commit fraud or other illicit activity with your money while offering insufficient financial coverage in return. Thus, it is always best to stick to the IRDAI registered and authorised car insurance policies only.