Insurance fraud occurs when any act is committed with the intent to fraudulently obtain some benefit. Insurance fraud is a crime in all the countries, and most of the countries have established fraud bureaus to identify and investigate fraud incidents.
Fraudulent insurance claims affect society as a whole, not just insurance companies, and for that reason, it is punished harshly. False Insurance claims are filed with the intent to defraud an insurance provider. Fraudulent claims can be either a felony or a misdemeanor, depending on the nature and extent of the fraud committed.
Some of the insurance claim cases are as follows:
Life Insurance Claim: This fraud happens when a person attempts to obtain life insurance payment by lying that their family member is dead. For example, a person who forges a death certificate of a family member in to obtain his life insurance payment has committed fraud.
Vehicle Claim: A person may claim that the magnitude of damage that occurred in a vehicle accident was greater than it actually was, in order to obtain a larger payment from the insurer.
HealthCare Claim: A person might claim to have a false injury in order to obtain payments or prescription medication.
In a complex country like India, only Fourth Force with a nationwide network of 29 state offices and a ground force of former police personnel with vast experience know how to deliver truly authentic and reliable background verification services. There’s only one force in India that brings with it competencies, capabilities and technology to arm you with 100% background information that will help you make 100% perfect hires and the name is Fourth Force.
We offer an extensive range of verification services for corporate. We also offer background checks that cover external corporate resources like Insurance agencies, vendors and distributors, and domestic services resources like maids and drivers. As professionals with a sound understanding of the latest regulations, you can be sure that what we do and how we do it is secure and compliant. Whatever the nature, size and depth of your hiring program, you can count on our extensive range of verification services, and our capabilities and competencies, to get the job done.