Kathmandu. There have been allegations of insurance and investment fraud worth about Rs 2.5 billion in India. <\/p>\n
The Economic Offences Wing (EOW) of Uttar Pradesh Police has arrested Madhumita Kaur, CEO of B Care Company from Ranchi, Jharkhand. <\/p>\n
According to media reports, 26 cases related to the case have been registered in Uttar Pradesh, Jharkhand, Uttarakhand and Bihar. <\/p>\n
According to the investigators, customers were encouraged to buy insurance policies with the lure of lucrative benefits. It is alleged that if a new customer is recommended, they will also be assured of paying the insurance premium for the second year. <\/p>\n
During the investigation, it has been alleged that the money collected from the customers was misused and due to this, some customers suffered financial loss and problems related to the payment of insurance premiums. However, the allegations related to the incident are yet to be finalized through the judicial process. <\/p>\n
This incident has re-highlighted the importance of transparency, financial discipline, and customer protection in insurance transactions. This sends a message to insurance experts and stakeholders to pay attention to: <\/p>\n
Check the assurance of additional benefits: Officially confirm with the insurance company the claim regarding special perks and bonuses offered by the agent or intermediary. <\/p>\n
Make insurance payments secure: Use the company’s official payment system whenever possible and keep receipts safe. <\/p>\n
Check the status of the policy regularly: Make sure that the premium has been credited to the company and whether the policy is active or not. <\/p>\n
Beware of context-based temptations: Check the authenticity of an offer that offers unusual financial benefits based on bringing in a new customer. <\/p>\n
Read the official company documentation: Clearly understand the perks, exceptions, premiums, bonuses, and terms of claim payment. <\/p>\n
Insurance is not only a financial transaction, but an important contract related to future risk management and financial security of the family. Therefore, insurance companies, agents, regulatory bodies, and insurers all need to fulfill their responsibilities. <\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. There have been allegations of insurance and investment fraud worth about Rs 2.5 billion in India. The Economic Offences Wing (EOW) of Uttar Pradesh Police has arrested Madhumita Kaur, CEO of B Care Company from Ranchi, Jharkhand. According to media reports, 26 cases related to the case have been registered in Uttar Pradesh, Jharkhand, […]<\/p>\n","protected":false},"author":5,"featured_media":211530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45044,45159],"tags":[],"class_list":["post-320670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/320670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=320670"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/320670\/revisions"}],"predecessor-version":[{"id":320671,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/320670\/revisions\/320671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/211530"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=320670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=320670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=320670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}