Uttar Pradesh’s Special Task Force has exposed one organisation which has fabricated over Rs 50 Crore through insurance fraud. The investigation highlights how scammers were using data of leading private insurance companies to cheat their customers.
The gang had set up a professional call centre to make fraudulent calls offering deals and incentives on their existing policies to cheat customers. The leaked data of insurance companies acted as the base through which these fraudsters planned their attack.
UP STF has retrieved data of Shriram Insurance, Bharti AXA, HDFC Life, Reliance Life, Future Generali, Exide Life, Bajaj Life, Aegon Life, Birla Life etc from the scammers. Earlier, the nine arrested gang members used to work in insurance broker companies.
This data was very important as they had access to all the details of their target – address, date of birth, age, policy details, past payments, bank details, relatives’ information, income details etc. It helped them appear genuine on the call.
An officer said, “We will conduct an information security audit of the insurance companies to scrutinize from where the data breach happened. Representatives of these insurance companies will be booked for the lapses.”
