MODUS OPERANDI

•  The spurious callers call the victims repeatedly and introduce themselves as employees of IRDA. 
•  They would inform that proceeds of one’s insurance policy are being transferred to some other person. 
• They would suggest the policyholder to visit IRDA at Hyderabad / Delhi and meet one particular officer who is responsible for transferring this money. They would give mobile numbers of this officer. 
• On being called on the given number the person on the other side would introduce himself/ herself as IRDA officer. 
• They would inform that IRDA is maintaining money from such accounts where agents had committed frauds and this money is being returned to policy holders. 
• The officer would tell that on policyholder’s mandate the due from existing policy is being transferred to some other person.
• When informed that no such mandate was given, they would indicate that somebody has committed fraud and that they will file an FIR with police in Hyderabad / Delhi. They would also give details of the FIR filed.