The company then decided to launch an internal investigation.
The police officials mentioned that they had already registered an FIR of fraud, based on the complaints from the four insurance companies.
Many people around the globe find many ways to earn money without doing hard work. The incidents of monetary fraud have significantly increased with the advancement of technology. These fraudsters every day find new ways to dupe common people. Today we will talk about one such similar incident, in which a family targeted several insurance companies and duped lakhs of Rupees. According to reports, a woman along with her husband, son and a doctor made a clever plan targetting the insurance companies. They executed a plan and duped more than Rs 1 crore. These people targeted four private insurance companies. Let us know about the full story in detail.
According to the FIR registered by police, the woman, a resident of Bhayandar, Mumbai, bought insurance from four companies under two different names, Kanchan Pai and Pavitra. The total insured amount was around Rs 1.1 crore. Along with Kanchan, her son Dhanraj Pai, her husband Rohit Pai and a doctor named Ashutosh Yadav were also involved in this insurance fraud. After obtaining the insurance, the family declared the woman dead and applied for the insurance claim. They reportedly submitted fake death certificates and fake cremation documents to claim the huge money. The reports added that all the related documents submitted were fake.
The police officials mentioned that they had already registered an FIR of fraud, based on the complaints from the four insurance companies. All the four accused are presently absconding. The police are presently in search of the fraudsters. Between the years 2021 and 2023, the family claimed an amount of Rs 70 lakh from ICICI Prudential, Max Life, Bharti AXA, HDFC and Future Generali by showing Kanchan Pai and Pavitra as dead. Meanwhile, another claim of Rs 41 lakh was still under process.
During the processing of the Rs 41 lakh claim, a company found some discrepancies with the submitted documents. The company then decided to launch an internal investigation. The records of previous claims were then reviewed. The officials found that the death certificates submitted for the two claims were issued by the same doctor while the dates of the deaths were different. Further investigation revealed that the documents were all fake.