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.

|Sep 28, 2022, 11:10:41 IST

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.

J&K cop on Amarnath Yatra duty shot dead in Anantnag terror attack; TRF claims responsibility

The Resistance Front (TRF), a shadow outfit of Lashkar-e-Taiba, claimed responsibility for the attack through a social media post

2 min read

Jaishankar meets Canada's Anita Anand, discusses bilateral cooperation and shared interests

External Affairs Minister S Jaishankar on Wednesday held talks on bilateral ties with his Canadian counterpart Anita Anand, focusing on cooperation and common goals.

1 min read

Delhi, Bengaluru, Hyderabad... Neet paper leak protest spreads nationwide even as govt reaches out to CJP, Opposition

Protests over the alleged NEET paper leak intensified across multiple cities, while the Centre signalled talks with the Opposition and the Cockroach Janta Party. The Delhi High Court also stepped in, seeking preservation of CCTV footage related to police action.

3 min read

Why is India seeing 95% cloud cover despite a Super El Niño?

India is witnessing nearly 95 per cent cloud cover despite a Super El Niño, a climate event usually linked to weaker monsoons. Regional weather systems, cyclonic circulations, the monsoon trough and moisture from two seas are temporarily overpowering one of the world's strongest climate phenomena

5 min read

Jaishankar, Rubio review trade, defence, AI cooperation at Manila meeting

Jaishankar and US Secretary of State Marco Rubio reviewed key pillars of the India-US Comprehensive Global Strategic Partnership, including trade, defence, energy, critical minerals and artificial intelligence, while also exchanging views on regional and global developments.