Fraud committed by unscrupulous persons at ICICI Prudential
Vinod Kumar Gupta, 25-Sep-2011
Sunday September 25 2011
Kurukshetra
A group of unscrupulous persons is playing tricks with policy holders of ICICI Prudential life insurance and even crossed cheques are not safe
There have been a number of complaints when the collection agent of company collects a policy premium cheque drawn in the name of company. These persons give the cheque to company and get a new policy opened in the name of another person with different particulars but with similar name .From that person these people must have got the cash payment after giving him a good discount.
The policy holder does not doubt as the bank statement shows that the cheque has been credited to ICICI. Policy holder only comes to know about the fraud when company asks him to clear the pending payments.
The latest victim of this fraud in an elderly couple living here. They received number of phone calls from a person claiming to be company representative that payments against their policies have become due. He requested to deliver the cheque to their collection agent who will visit their residence. The agent visited their residence and collected the account payee’s cheque drawn in name of company.
When the cheques were got cashed in company’s account but no entry was shown in their policy the old man visited branch office. He was shocked to learn that two new policies in similar names with his forged signatures have been opened by Karnal branch of company.
The company has promised to look in to matter after formal receipt of complaint. The company staff confirmed that they have put the risk notice and policy holders will not suffer as they made a timely complaint.
It was informed such cases used to happen in Sonepat and areas near to Delhi. The old couple now advises all people to be beware of such phone calls and collection agents.