top of page

Misselling by Fake Marketers

fraud-word-magnifying-glass.jpg

The internet has made it easier than ever for fake insurance marketers to reach potential customers. They can set up fake websites and social media accounts that look like legitimate insurance companies. They can even create email campaigns that appear to be from a real insurance company.

These fake marketers may use high-pressure sales tactics to convince people to buy insurance policies that they don't need. They may also promise low premiums and then cancel the policy after the first payment is made.

In some cases, fake insurance marketers may even use stolen credit card information to set up fake accounts and sell policies.

If you're considering buying an insurance policy, be sure to do your research. Make sure you're dealing with a legitimate company and that the policy is right for you.

If you think you may have been the victim of insurance policy mis-selling, contact your local authorities or the insurance company directly.

It is no surprise to see that out of an average of about  3 lakh complaints filled on insurance per year, more than 50% are on mis-selling. Now and then, bluffer Fake Marketers/Intermediaries  try to sell to Customers insurance policies through fake promises and offers. They sometimes sell policies by offering heavy discounts, gifts, free travel packages, bonus offers, revival of dormant policies etc.   They change their sales pitch again and again from time to time.  We all come across various telephonic calls regarding sale of various insurance policies by tempting offers, discounts or/and schemes.   The modus operandi of these scamsters is similar to those used in Nigerian scams and lottery frauds.  Some tell the victim that a big bonus has been declared on its existing or past policy but to get the money he must buy a new policy.  Some lure buyers by saying that their policy has been chosen for a bonus payment through a random draw and the bonus will be credited to the buyer’s account if he buys a new policy. The customer sometime early and sometime later comes to know about the mis-selling and feels scammed.  There is a growing concern among the insurance industry as well customers about the increasing incidence of fraud selling.  We at that time help the customer to find the unbiased  right solution.  We provide a solution which keeps the Customers safe even if a policy is sold and a certificate delivered to it.

Insurance Claim Scam

In a world where there are so many scams and fraudsters, it's important to have a company like InsoClaims that you can trust. InsoClaims is a leading provider of insurance claim assistance and fraud prevention services. We work with insurers, policyholders and law enforcement agencies to help prevent and detect insurance fraud. We also provide assistance to policyholders who have been the victim of insurance fraud. If you think you may have been a victim of insurance fraud, or if you have any information about insurance fraud, please contact us.​

It might be possible that you fall prey to an insurance claim scam.  It is seen that some fraudulent people by forging documents and with fake representation make claims against your policy but you come to know about it at a later stage.   It is sometimes done with the help of inside people.  The data security and data sale is also a menace.   The truth in such cases, comes only when a person goes to an Insurer to claim its maturity value.  It is seen, generally, people do enquire and do not keep them updated on their insurance policy assets.   You need not to lose heart but need support from a professional organization.  We here try to help you to resolve your grievances using various tools and support mechanisms.  If required, our partnered Law Firm takes up the matter on your behalf at various forums.

bottom of page