SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • Insurance Insurance fraud: Rising problem in non-life segment

    Insurance fraud: Rising problem in non-life segment

    Source: Business Standard Jul 3, 2015

    In the city of Hyderabad, an affluent customer of Bajaj Allianz General Insurance was hospitalised with viral pyrexia and enteric fever. After being admitted for a week, he was discharged, after which he approached them for the claim reimbursement.

    Upon scrutiny, it was realised that the claim amount for the mentioned ailment was higher than the usual amount, triggering suspicion. An investigation and loss mitigation team visited the hospital to verify the medical records. After repeated follow-ups by the in-house team and ambiguous responses by the hospital authorities, the team was unable to procure any documents to support the treatment.

    Click here to read more.

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.
    Cafemutual is an independent media platform and focuses on providing knowledge and information for the benefit of finance professionals. We do not promote any particular brand or asset category.