Insurance fraud
7 months ago
We had a insurance back in 2021 .My father got a call from a company One-Day .they said that you will get back your insurance money if you pay 40k when my father paid that they say now you need to pay 147k to get 4lakh we had sanctioned 4 lakh on your name . In this way they took 10 lakh . And each and every money goes on a mutual fund . We had every copy. My father doesn’t know hindi or English that’s why he didn’t even understand what’s going on. Now what should we do
A.Dear client,
Section 45 of Insurance Act provides that an insurance policy cannot be avoided after expiry of three years on the basis of mis-statement, or untrue statement, unless insurers are able to establish;
1. That the statement was inaccurate or false;
2. That such statement was on a material matter or that the statement suppressed facts which was material to disclose;
3. That the statement was fraudulently made by the insured;
4. That the insured knew at the time of making the statement that it was false to his knowledge of facts which it was material to disclose had been suppressed.
Section 45 of Insurance Act provides that an insurance policy cannot be avoided after expiry of three years on the basis of mis-statement, or untrue statement, unless insurers are able to establish;
1. That the statement was inaccurate or false;
2. That such statement was on a material matter or that the statement suppressed facts which was material to disclose;
3. That the statement was fraudulently made by the insured;
4. That the insured knew at the time of making the statement that it was false to his knowledge of facts which it was material to disclose had been suppressed.
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