This is a mode of insurance fraud that often occurs

This is a mode of insurance fraud that often occurs

 Awareness of the importance of insurance has begun to be enjoyed in Indonesia. This method turned out to be with the increasing number of insurance products that began to appear.It cannot be ignored, the purpose of someone buying insurance is nothing but to become a guarantor if something unexpected happens one day.

 Feeling calm and safe is indeed what you will enjoy when you have insurance. However, not a few insurance companies see this as an opportunity to trick or do a lie.

 Of course, you should continue to be vigilant and careful, lest you become a victim of increasing insurance scams. Do not easily believe in tempting offers from sales or insurance agents.Moreover, the things that are offered provide unreasonable convenience.

 So that things like that don't happen, here Qoala will give some explanations regarding the modes of insurance fraud that often occur and how to avoid them.

 To be known, insurance fraud is an intentional act carried out to or by an insurance company or agent, for financial gain. This deception can occur at various points in a transaction by applicants, policyholders, third-party claimants, or even professionals who provide services to claimants.

 To be aware, people who run insurance scams include:

 Organized criminals who steal large sums through the hustle and bustle of the scam business Professionals and technicians who increase service fees or charge fees for services not provided, and Common people hoping to cover their deductibles or watching make claims as an opportunity to make a little money.

 Then how are the modes of insurance fraud circulating in the community? Here's the full explanation.

 1. Transfer Premium
 First, the transfer premium.Here unscrupulous insurance agents attract prospective customers.  So that you are not exposed to this mode, avoid transferring premium money to an agent's personal account or insurance salesperson. Prioritize making an instant transfer to a company account that has been written on the policy or on the company website.

 2. Fee Churning
 Having the same goal, free churning is also a mode of deception in order to receive a commission in opening a new policy.Usually, insurance agents or sales will persuade their customers to move by providing sweet commitments such as excellent service.

 Anxious customers will certainly find claim problems if they are not assisted by insurance agents, customers are often persuaded by this temptation.Although, a trusted insurance company will help each customer without an insurance agent or sales.

 Remember, by migrating insurance there will certainly be a risk of making the premiums that should be paid higher as you get older.Each insurance product also provides various offers.Changing insurance puts you at risk of giving up a benefit that the new insurance may not offer.

 3. Changing the Policy when the Customer Apply for Up-Grade or Down-Grade

 The mode is not uncommon in deceiving insurance agents.With the reason to upgrade to your policy, unscrupulous insurance agents actually open a new policy according to the benefits you want.This method aims so that the agent can commission for the opening of a new policy.

 At first glance, you may not realize that the benefits listed on your policy match what you want. If it is easy to know whether your policy is an upgraded old policy or a new policy, it is seen from the policy number listed.

 In addition, the old policy, therefore the policy number has not changed.Meanwhile, if it is a new policy, then your policy number will change.

 If that's the case, if you're careful, it's to your detriment because it's possible that the premium you should pay for a new policy is higher as you get older. Unless your old policy has cash points, you also need to be careful, because it can be a cash score from the old policy being withdrawn to pay premiums for the new policy.

 Generally can prevent this from happening.  When a customer applies for an upgrade, the insurance company will send a notification notification that the underwriter is confirming your upgrade request. If you get a notification, check the policy number listed, whether the policy number is still the same as the old policy or not. If it's not the same, immediately report this to customer service so they can immediately handle this case.If your new policy has already been issued with a different number, also report this and ask the insurance company to compensate for the loss you bear.At this time, the insurance company will give punishment to ignorant agents like this.

 It is usually also possible to prevent this kind of thing by carefully reading any forms or documents the agent gives you to guide you through.Avoid giving hand guidelines to documents or forms that are still blank, and don't carelessly give hand guidelines to documents or forms that you haven't read and don't understand.

 4. Insurance agents cover the usual products
 Finally, this insurance fraud case often occurs to unit link insurance customers because agents cover up product information. This system is implemented because insurance agents only concentrate on receiving commissions on sales of insurance premiums. Usually, the unit-linked insurance scam is carried out by agents by only explaining the benefits of investing, but not disclosing the risks. Although, like other investment instruments, investing via unit links also carries a risk of loss.

 If the 4 above, there are also variations in the mode of insurance fraud, namely false or fictitious claims. This deception is usually carried out by policyholders. A fictitious claim is a claim that is submitted for reasons that were made up by the policy holder, or deliberately made with the aim of the policy owner receiving a claim for compensation for such a thing.

 The most common mode is to file a claim for accidents or other risks that never occurred. The reasons are varied, such as submitting an accident claim or a scratched car even though the customer himself damaged the car. Therefore, when customers receive compensation, they will repair the car cheaply or not repair it at all.

 Another mode is to replace the vehicle engine with a fake engine.Then, the customer intentionally injures the vehicle and then files a claim on the grounds that the original engine of the vehicle manufacturer.