Most Common Fraudulent Claims Insurance Advisors Make


BANGALORE: ‘Insurance is a subject of market risk’ you might have heard this many times; but do you know that risks do not lie in market alone? In fact, your insurance advisors can cheat you any time.

Victims often complain about the promises made by the advisor while explaining the details of the product. But, by the time people figure out about the broken promises, it is too late. You might lose your hard-earned money because of some fraud claims insurance advisors make.

The advisors do abnormal claims while explaining the policy terms and conditions but you should never trust blindly. Always cross check and read the policy brochures properly before you sign on the dotted lines.

Here are some common claims that can be a part of a fraud.

Read more: Insurance Sector Seeks Clarity on Budget Proposals

NBFCs' Bad Loans Jump To 1.9 percent In FY14; Advances Growth Down 57 percent