It Happens More Than You Think
Insurance fraud isn’t just done by fake agents — sometimes even policyholders get trapped in scams without knowing.
One small signature, one fake call — and your hard-earned money is gone.
Here’s how to stay alert and protect yourself.
🚩 1️⃣ Fake Calls Pretending to Be from Your Insurer
Scammers pretend to be from your insurance company. They ask for your OTP, card details, or a “verification fee.”
Rule: No real company ever asks for confidential info on a random call. Hang up. Call back using the official number.
🚩 2️⃣ Unrealistic Premium Offers
“If you pay today, you get 80% discount for lifetime!” — sounds sweet, right?
Sorry — legit insurers don’t sell miracle policies at throwaway prices. If it’s too good to be true, it usually is.
🚩 3️⃣ Fake Agents with Real-Looking Papers
Some scammers pose as “licensed agents,” flash ID cards and brochures — all fake.
Always check agent credentials on your national insurance regulator’s website.
🚩 4️⃣ Forged Claim Settlements
Be careful during big claims. Some fraudsters pose as “helpful” middlemen who promise to fast-track your payout — for a “small commission.”
Your claim money may never reach you if you trust the wrong person.
🚩 5️⃣ Phishing Emails
You get an email: “Your policy is expiring, click here to renew.” The link looks real — but isn’t. One click, and your data is gone.
Never click on suspicious links. Log in directly via the official company site.
Real Story – A Costly Lesson
Last year, my cousin’s friend trusted a “family agent” for a quick health policy. He paid $500 in cash — no receipt.
When he got sick and tried to claim — the company said, “No such policy exists.” Money gone, trust gone.
Stay Sharp – Stay Safe
Insurance is meant to protect you, not trap you. Always:
✔ Verify calls, emails, agents
✔ Demand receipts for every payment
✔ Double-check policy documents
✔ Report suspicious offers
One small check today can save you thousands tomorrow. Be smart, be safe — and share these red flags with your friends too.