<h1>IRDAI Reports Surge in Fake Motor Insurance Policies; Public Warnings Issued, Fraud Monitoring and Awareness Initiatives Launched.</h1> The Insurance Regulatory and Development Authority of India (IRDAI) reported a rise in fake motor insurance policies, with 498 cases in FY 2016-17, 823 in FY 2017-18, and 1,192 in FY 2018-19. Complaints were received about unregistered entities issuing fake policies, prompting IRDAI to issue public warnings and lodge police complaints. IRDAI has directed insurers to implement fraud monitoring frameworks and launched awareness campaigns. They also provide a consumer education website and ensure each registered product has a Unique Identification Number for verification. This information was shared by the Union Minister of Finance in a Lok Sabha session.