Maharashtra: Woman becomes a victim of insurance fraud

A woman from Maharashtra's Thane district got cheated of Rs 26 lakh after being lured to invest in an insurance scheme promising high returns.

Press Trust of India September 28, 2022 11:10:41 IST
Maharashtra: Woman becomes a victim of insurance fraud

Representation Image

Thane: According to police, a 58-year-old woman from Maharashtra’s Thane district lost more than Rs 26 lakh after being persuaded to invest in an insurance plan that offered high returns. The Vithalwadi police have filed a case against two people under the sections for cheating in response to a complaint made by the woman on Tuesday.

The woman, after retiring from a government job in 2020, went to a nationalised bank to invest money in a fixed deposit. A bank employee informed her about a lucrative private insurance scheme where after investing Rs 5 lakh for five years, she would get a return of Rs 38 lakh after 10 years, a police official said quoting the complaint.

The woman made the payment for two years, but later found the clause of getting Rs 38 lakh was missing from the scheme document, hence she decided to discontinue the policy. She contacted the insurance company where an official introduced her to a person who claimed to be from the Insurance Regulatory and Development Authority (IRDA).

The person along with the other accused, under the pretext of helping the woman get back her money, allegedly asked her to make a number of payments between October 2021 and February 2022 which amounted to Rs 26,66,137, the official said. When she did not get the money, she checked with the IRDA and was informed that no such person worked with them.

The woman then filed a police complaint, based on which a case was registered against the two accused, the police said, adding that no arrest has been made so far.

Read all the Latest News, Trending News, Cricket News, Bollywood News, India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.

Updated Date:

also read

Explained: How Ramesh Chauhan made a splash with Bisleri and his plans to sell it
Business

Explained: How Ramesh Chauhan made a splash with Bisleri and his plans to sell it

After owning Bisleri for more than 50 years, Ramesh Chauhan is in talks to sell the packaged water company to Tata Consumer Products Ltd for an estimated Rs 6,000-7,000 crore. The 82-year-old said that his poor health and daughter Jayanti's decision to not take over was the reason for the sale

'Women look good even without clothes': Ramdev's remarks sparks controversy
Politics

'Women look good even without clothes': Ramdev's remarks sparks controversy

The video of the speech made by Ramdev on Friday was shared by Delhi Women’s Commission chief Swati Maliwal, who condemned his comments and said that he should “apologise to the country”