1) Sanjay had opted for a term plan with one of the leading insurance companies 4 years back, for which he was paying a premium of Rs 50,000 annually. Recently he got a mail from 'IRDAI' informing him of being chosen randomly from their database for a 'once in a lifetime offer' of paying next 3 premiums in advance and getting a 25 % discount on all his remaining premiums. Sanjay fell for the offer and made the payment through online transfer. It took him few days to realize that he has been a victim of phishing as the mail from 'IRDAI' had actually come from a fake email id of 'offer@irda.org.in'  which he didn't notice as it looked familiar to IRDAI's official domain of www.irda.gov.in. and ended up getting duped of his hard earned money.