Coordinated effort pull off Rs. 2 crore death insurance fraud
A debt-burdened man from Ahmednagar, his friend and his aunt, a police constable, a chartered accountant, a doctor and a Read more
INSURANCE FRAUD
60% life, health insurers see rapid rise in fraud
About 60 per cent of Indian insurance companies are seeing a rapid increase in insurance fraud, especially in the life Read more
Insurance fraud: 5 arrested on charges of fake life insurance claim
Five fraudsters have recently been arrested in Nalgonda, Telangana with the charges of being involved in fraudulent life insurance claims Read more
6 people arrested for Rs 80 lakh insurance fraud
The Kalyan crime branch unit of Thane police arrested six people, including two Mumbai based doctors and a Thane civic-run Read more
Insurance Ombudsman rejects Flood Insurance Claim on account of fraud
Case No: CHD-G-005-1516-0515 In the matter of Mr Bashir Ahmad Vs. Bajaj Allianz Insurance Co. Lt. Insurance Ombudsman Date – Read more
Fraud Survey Report 2012 India: Corporate India not equipped to deal with futuristic fraud: KPMG India
- Cyber crime, Intellectual Property fraud (including counterfeiting and piracy) and Identity theft identified as frauds of the future
- 70% have no effective mechanism to tackle these futuristic frauds
- Fraud is an inevitable cost of business : 71% of respondents
- Industry reluctant to discuss bribery and corruption Read more
R Kannan, a former IRDA member found guilty of forgery
A disciplinary panel of self-regulatory insurance body has found one of its high-profile members guilty of forgery. Read more
Insurers lost over Rs 30k crore due to frauds in 2011, says study by Indiaforensic
Indian insurance companies have borne a loss of over Rs 30,000 crore in 2011 due to different kinds of frauds, a study has claimed. Read more
Man gets life sentence for wife’s murder to get insurance claim
The district and sessions court of Ajmer, Rajasthan recently sentenced a man to life imprisonment for hatching a plot in which his wife of 17 years was murdered in cold blood so that he can claim her insurance.
Read moreLimitation period is key to insurance claims Subject: Misinterpretation of judgment causes havoc in insurance cases.
Backdrop: The limitation period means the time within which a person must file his case before a judicial authority for exercising Read more