Home Insurance Frauds

Insurance Frauds

Pockets of Insurance Frauds in India

Almost every month, fraudsters have been popping up in small towns across the country to carry out organised attacks on life companies. They come in all hues: faceless crooks in Punjab...

Insurance Fraud Research covered widely

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. It cited collusion between the employees of insurers...

Insurance Frauds Conclave ‘2009

  First dedicated conference on Insurance frauds was concluded in the "Grand Hyatt" on 30th October'2009. This conference gathered a decent response from across the sector. Participants from the companies like TATA...

Getting deeper into Insurance frauds

“In one case in Andhra, where husband had killed his wife for insurance money, we persisted for 3 years and, finally, after writing to DGP, a young IPS officer – Tarun...

Insurance Fraud Research 2009

The insurance sector seems to be the most vulnerable to frauds as companies are losing a whopping over Rs 15,000 crore (Rs 150 billion) every year due to exaggerated claims by...

How the Insurance frauds research was conducted

Pradeep Akkunoor - Research scholar based in Thailand is one of the pioneers in the Insurance frauds. Insurance fraud is typically characterized as the external or third party fraud. Unlike other frauds...

Service tax fraud by Insurance Companies worth Rs. 3000 Crores

Service Tax Fraud When a customer walks into a car showroom, he usually has no particular preference regarding the company to insure his car with. The dealer often guides the customer. Insurance...