The Supreme Court has directed every state to constitute dedicated SITs to investigate suspected fraudulent insurance claims, noting that the same vehicles were repeatedly shown in accidents. It also ordered insurers to report suspected fraud, act against involved officials and strengthen verification systems
Insurance companies face difficulties settling claims from the Ahmedabad Air India crash due to cases where both policyholders and nominees died. Firms are coordinating with authorities and making exceptions to expedite claims, with help desks set up at Ahmedabad Civil Hospital
Mancherial: You may have heard of spurious cotton seeds, counterfeit currency notes and adulteration of popular brands of groceries. In the latest menace, selling fake insurance cover is going unchecked. Some unscrupulous persons are selling the fake insurance cover for heavy commercial transport carriers duping gullible owners of the vehicles and causing losses to the […]
The police seized 1,125 fake policies, Rs 60,000, three pollution testing vehicles, fake stamps, computers, printers, and documents from their possession
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