Fake discount on insurance premium: Three key lessons you can learn from this X user's experience
insurance premium and that by making an instant payment towards it, you will save 20 or even 30 per cent of the premium?When colossal frauds amounting to crores are taking place, why would someone perpetrate a minor crime to the tune of a few grands? Well, these may be some of the questions that could perplex you, but some con artists are happy to fleece gullible investors without making them sound suspicious.Something similar happened to one Gurugram-based policyholder, Udit Bhandari, who received a call from someone who claimed to be from ICICI Lombard. The caller managed to win Bhandari’s trust when he shared the policy details.
He informed Bhandari that since he had not claimed insurance in the past five years, he was eligible to receive a 20 per cent discount on the premium.ALSO READ | Can a tenant buy separate home insurance for the overall flat?And to claim the discount, Bhandari had to pay his premium immediately at a link that was sent via email and on WhatsApp.Strangely, the website link did not work, but the UPI link sent on WhatsApp was active. This made Bhandari suspicious and he refused to make the payment.
Thereafter, he shared his entire experience on ‘X’ platform.1. No-claims bonus: First of all, it is vital to note that insurers typically offer no-claims bonus and do not urge policyholders to make immediate payment to claim a discount on premium.
So, any random call from someone who claims to be an insurance company representative is more likely to be a fraud.2. Payment link: Be extra careful of the link sent by an unknown person.
Check the URL of the link and the email ID of the sender. In this case, the victim realised that the sender had sent the link from a parked domain: icicilombardrenewal.com.
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