It has come to the notice of the Authority that companies by the names and style M/s. Lifeline Global Limited / Lifeline EMS India Ltd. are doing health insurance business and collecting money from the general public for issuance of health insurance policies from the following addresses:

• 3, Coral Crest, Ground Floor, Sector 23, Nerul, Navi Mumbai

This is to inform that the above companies are not holding any licenses whatsoever under Section 2C (1) and 3 (1) of the Insurance Act, 1938 from the Authority for carrying on business of insurance, which is a condition precedent under the provisions of the Act and the company’s operations are in violation of the provisions of the Insurance Act, 1938 and IRDA Act, 1999.

IRDA has already initiated appropriate action in the matter.

The general public are hereby cautioned not to purchase insurance policies from the said companies or through any person claiming to be their Agents / Advisers or representatives.

This is issued by orders of the Chairman, IRDA.

Date: 8 th January, 2008
Hyderabad

 

(Prabodh Chander)
Executive Director

 

     

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