With the rise in the number of insurance crimes, as a consumer, you should be well aware and prepared to avoid such crimes. Insurance fraud is a lucrative one and steps should be taken to minimize its impact. Here are a few steps that help to reduce the risk of becoming a victim of this fraud.
Be an Active and Informed Consumer: At the time of buying an insurance policy, it is best to compare the available options and pick the best option. Be aware of the premium you pay and other expenses occurred. Premium increases with increase in the risk.
Know Agent and Ask for the Proof of Payment: It is best to know your agent as people become a victim of surplus agent and pick any agent without knowing much about them. It is best to deal with only the licensed agents and it is best to see this. When you make a premium payment, it is best to ask for the receipt of the payment.
Get a Copy of the Insurance Policy: When you buy an insurance policy ask your agent to provide a copy of the policy that provides details of the policy. If not received, question your agent and even contact Department of Financial Services for more detail regarding the insurance policy.
Pay for the Services Availed: At the time of purchasing the insurance policy, know the benefits provided in the insurance and pay for the benefits you get. Review the service list to see you are charged for the benefits that are listed in your policy.
For more help on avoiding the insurance fraud, take service of Alankit assignments limited fraud and let the experts help in staying away from the frauds. In case of any question, ask your insurer, agent or broker and get the needed help.
Also Read- PAN Cards Fraud Could be Avoided Now – Alankit Assignments Limited
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