Types of life insurance fraud

Documents need in Life insurance Policy Claim?

police Documents?

Discharge Voucher?

Assignment Deed

Age Proof Documents?

Proof of title of claimant?

Statement by the doctor?

Statement by hospital?

Statement from the Employer?

Certificate of cremation or Burial?

Impersonation?

the life insurance scam may only be discovered when you die and your beneficiaries try to claim the payout. Identity theft :- False proof of title of Claimant present by the survival in policy if Nomination is not clear in policy documents. May cash found in life insurance one policy may claim is file with fack Proof of title of claimant that is in cash of Nomination is not clear then may False proof of claimant is come in one policy that many difcault to find original Proof of title of claimant.

Note:-

?that time court order is followed in case of not clear Proof of title of claimant.

Some time they take insurance by fack I'd proffer that is also come in Impersonation.?

Caution:-

Insurers?take the applicant to carry a valid and authentic photo ID.

Misrepresentation?

Misrepresentation committed on material of facts are made on an application for insurance . That is come stages of underwriting in insurance applicants denies serious madical conditions at the time of taking the policy to obtain coverage that might have been denied.?Every insurance policy go from underwriting in insurance most of cash applicants not show their medical conditions and bad habits. Some may people has bad habits like so much smoking and drinking alcohol and tea.?

Caution:-

that is stop at underwriting in insurance that need strong underwriting.?

Non-disclosure of material facts

Insurance contracts is a contract of utmost good faith where it is obligatory on both the parties to provide all information which is material to the contract . At the time of taking insurance many people not disclosed ther fact that is time of aplecation and underwriting.?

Insurance to dead person?

That is so popular in life insurance take insurance of dead persons with fack I'd present and take claim benefits there the persent fack documents for police taking of dead persons that is age Proof and identity Proof.?

Caution:-

Kyc time documents verification is need to check strictly.?

substandard lives

insurance companies to create classifications of risks into standard, preferred, substandard and uninsurable. Therefore, applicants considered a substandard risk, i.e., an individual deemed uninsurable due to their health condition, dangerous habits, family history of disease, hazardous work or hobbies, and other similar factors, may qualify for a substandard life insurance policy.

Caution:-

That is also part of underwriting there calcification of risk keep primmem according to risk.?

Policies Funded by Cartel?

1. That Fraud committed by group of people and trust and company involved in that of fraud.?