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Insurance Foundation of India
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Training Programme "Risk Assessment and Fire (Property) Insurance" on Friday, 08th Dec 2017 at PHD House, New Delhi
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Insurance Frauds
The Fight Against Health Insurance Fraud Accelerates
(Source- FICCI- FICCI Health Insurance Conference 2012)
Fight Against Health Insurance Fraud
Two arrested for insurance scam corpse theft
Two South Africans have been arrested for "borrowing" a corpse from a funeral parlour in order to complete an elaborate life insurance scam.
After a tip-off, police arrested a 35-year-old woman and a 42-year-old funeral parlour owner as they tried to pick up a body for burial.
The pair are accused of creating a fake woman called "Aphiwe Ntombela", insuring her via three different companies and ultimately declaring her dead.
Hoping to claim a $11,000 life insurance, the unnamed 35-year-old managed to secure a birth certificate, insurance and even pay the premiums on time for the fake Aphiwe.
But when it came to killing off a person who did not exist the suspect ran into problems.
So she approached the funeral parlour owner near Durban and according to her police statement, asked him "to 'borrow' her a female body from his mortuary".
A corpse was duly supplied and taken from the funeral parlour to a doctor for certification of death and the claims were then lodged.
The suspects were charged for fraud and were due to appear in Durban Commercial Crime Court on Monday, police said.
Ex-insurance official jailed
A court has sentenced a sacked manager of a state insurance firm and three others to varying jail terms for clearing bogus claims and duping the firm of Rs. 1,61,500.
(Source- Times of India- Dec 15,2012)
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Global Insurance Conferences/ Events
ASSOCHAM - 10th Global Insurance Summit on 22nd September 2017 at Hotel Taj Lands End, Mumbai   more........
Upcoming Seminar
ASSOCHAM - 10th Global Insurance Summit on 22nd September 2017 at Hotel Taj Lands End, Mumbai
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