By taking cash at the scene, you could be setting yourself up to be the target in
an insurance fraud scam.
Be aware of
insurance fraud scams.
Not exact matches
Many people are set up,
insurance fraud (equipment is stolen, hcz claims stolen equipment with
insurance, meanwhile higher up plan and
scam to loot.
Designed to support your financial counseling and education needs, the Investing Essentials presentations cover goal setting, savings, stocks, mutual funds, annuities,
insurance, real estate, hard assets & collectibles,
frauds and
scams and panning for your future.
However, the process can be a bit more complicated due to life
insurance scams and
fraud.
Typical
insurance scam and
fraud.
IRDAI hereby urges the public to remain alert and not to fall prey to
frauds or
scams perpetrated by miscreants who impersonate to be employees / officers of IRDAI or other
insurance companies.
Another type of car
insurance fraud is the repair
scam.
A former police officer has now been sentenced in a case involving auto
insurance fraud, requiring the participant in this
scam to have to serve ten days of imprisonment on the weekends, in addition to three years of supervised probation.
Whether the
fraud involves the filing of multiple repeat claims, or the use of shoddy or improper parts, such car
insurance repair
scams will drive your premium up, and even lead to your
insurance policy being voided.
We place this warning here because we are aware that the criminals carrying out these
frauds do on occasion use the name of Exide Life
Insurance or an Exide Life
Insurance subsidiary as part of this
scam.
If they are licensed, they have something to lose if they
scam others, they could lose their license, their E&O
insurance could pay a claim, or there company could be sued for
fraud etc...