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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

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Upto 12% Discount* on first year premium

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* T&C apply | BJAZ-WB-EC-04701/23

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*5% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. | 5% Discount for salaried customers, applicable only on first year’s premium. | 1% Discount on online purchase is available for regular premium payment and limited premium payment frequency. | 1% Discount will be available for all policies where premium payment is under auto-debit process (as allowed by RBI from time-to-time) through-out the premium paying term.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116.

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*5% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. | 5% Discount for salaried customers, applicable only on first year’s premium. | 1% Discount on online purchase is available for regular premium payment and limited premium payment frequency. | 1% Discount will be available for all policies where premium payment is under auto-debit process (as allowed by RBI from time-to-time) through-out the premium paying term.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

Beware of Insurance Theft Scam Calls in India

Insurance Fraud Scam Calls

Have you been receiving unsolicited life insurance calls every other day? In recent times, an increasing number of frauds have been noticed in the form of spurious calls and emails, where fraudsters offer fake bonuses and benefits to policyholders, only to cheat them later. To avoid becoming a victim and losing your hard-earned money, you must know how to identify a scammer and how these calls take place.

 

How Insurance Theft Scam Calls are Done

 

Insurance Scam Calls come with Unrealistic Benefits

The fraudster will pose as an official agent from a reputed life insurance company and offer unrealistic benefits like unclaimed bonuses, agency commission, or a refund for the investment on the existing policy, which the policyholder can claim by paying a fee, advance tax, or deposit to the caller. He will trick you with unrealistic life insurance benefits and will dupe you of your hard-earned money.

Dont be the next target of a Scam Call

Recently, a similar incident happened with a former employee of Bajaj Finserv who owns a Life Insurance policy. He received a scam call where he was promised a bonus on the policy and was told that he will be able to claim bonus only after he transferred a “Bonus Claim Amount” to the company.

The fraudster tried his best to establish a rapport and gain the confidence of being a real Bajaj Allianz Life Insurance agent.

 

Ways to Avoid Insurance Theft Scam

 

Go through the Insurance Policy and Verify the Insurer

To curb this menace of life insurance scam calls, here are a few things that you must keep in mind:

  • Never respond to any fake calls related to insurance, loan offers, transfer, or unclaimed bonuses regarding your life insurance policy.
  • Do not get enticed by the fake promises regarding bonuses and extra benefits.
  • Verify the identity of the caller and the authenticity of the offer made from your insurance company with respect to your existing life insurance policy or get in touch with your relationship manager.
  • Always double-check with your insurance company before transferring any amount or “fees” in response to a call regarding unclaimed bonuses, etc.
  • 5. If you are making a payment, always do it through a cheque or credit card as they can easily be tracked and verified.

 

Advice For Victims

 

If you still become a victim of such scam calls, make sure to register a complaint at your nearest police station and your insurance policy company explaining the incident.

The only way to stay safe and financially secure is to not trust anyone blindly. Whenever you receive such calls, always cross-check with your existing life insurance company. In case you are a new customer, you may verify the facts by directly call in the insurance company.

Stay alert, stay safe from online frauds in India.

Savdhan Rahein. Safe Rahein.

Read more:

BJAZ-WEB-ECNF-01085/21

~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.