Mumbai: A 61-year-old lady misplaced practically ₹40 lakh after an accused posed as an govt from Life Insurance coverage Company (LIC) India and requested her to pay the quantity as premiums and repair fees below the pretext of providing her an insurance coverage coverage that may get her ₹70 lakh on maturity.
In accordance with the police, the complainant, a resident of Dadar (West), took voluntary retirement from the submit of a senior govt in 2020 from MTNL. She said that in 2015, an individual who recognized himself as a fund supervisor from Life Safe and Tax Financial savings Coverage referred to as her and knowledgeable her that she had earned ₹1.70 lakh on her LIC coverage quantity IR/3103/B095.
They mentioned that the company will launch the cash to her solely after she takes one other coverage value ₹40 lakh.
The particular person instructed her that the ₹40 lakh premium of the coverage could possibly be paid in instalments and as soon as she paid the final instalment, she would get ₹70 lakh plus a ₹1.70 lakh bonus from her earlier coverage, mentioned a police officer.
Trusting that the particular person was from the insurance coverage coverage workplace, the aged trusted him and determined to take the coverage.
She began paying the premiums and numerous different charges and repair fees to accounts of varied ‘executives’ as directed by the accused. Between Might 2015-July 2020 the senior citizen paid a complete of ₹39.66 lakh. Each time she would ask for the main points of the coverage and its maturity interval, the executives would ignore her and provides some future date below some false pretext, states the FIR.
The cons later began ignoring her calls. For greater than a 12 months, the complainant adopted the matter with the accused, later she ultimately realised that she was being duped and approached the police.
Dadar police have registered a case towards three accused executives below related sections of the Indian Penal Code (IPC) and Data Expertise Act for dishonest, impersonation and id theft. Police suspect that the fraud group used LIC’s title to dupe its policyholder.
The police have began writing to varied banks searching for particulars of the accounts the place the fraud quantity was obtained.
Police and cyber specialists say ‘Insurance coverage Frauds’ are the most typical sort of cyber-crimes dedicated towards senior residents. “In cyber-crimes like Insurance coverage Frauds round 90% of victims are senior residents,” mentioned a deputy commissioner of police rank officer.
A senior cyber police officer mentioned that to focus on senior residents, particularly in insurance coverage frauds, the fraudsters group primarily depend on the client database, as a result of when a fraudster has buyer knowledge then it turns into straightforward for him to win his/her belief and it finally will increase their productiveness charge.
“The insurance coverage firms share their buyer database with third-party BPO corporations to advertise their schemes, retain clients, and develop the enterprise. The client database of insurance coverage firms thus will get compromised at BPOs by the hands of rogue staff and it’s offered out to fraudsters on-line after which they additional goal harmless senior residents utilizing the compromised database,” a senior inspector mentioned.