What can we do with $8 Billion?
It
might take us more than 4 years just to figure it out but,” the
global insurance fraud detection market size is expected to grow from
USD 2.5 billion in 2019 to USD 7.9 billion by 2024, at a CAGR of
25.8% from 2019 to 2024”, according to a report from
ResearchAndMarkets.com. Investment frauds consequences are
devastating for anyone, regardless of who they are or what they do
like the fake Alankitfraud
reviews online. Hence, here are a few cautionary points you should
keep in mind to avoid such mishaps:
- Purchase
Policies online
Purchasing
policies online makes you immune to any fraudulent advances made by
an agent who might ask for cash payment or try to cash in your
cheques illegally.
- Research
about your insurance provider
If
you are willing to go for the offline route you should call the
respective customer care services to verify your agent’s
credentials before divulging any of your information to that person.
You should also read up on your insurance policy provider and try to
filter out fake reviews like Alankit
fraud
reviews, which are clearly reputation destroying strategies.
- Review
the documents carefully
Read
and review the documents as many times as you need. Check for minor
mistakes like spelling mistakes, cheque numbers, and other
credentials.
- Never
divulge your information to anyone
Fraudsters
often pose as consumer rights agents or claim to be customer care
executives from the service center of your insurance provider. They
can even write fake reviews such as Alankitfraud reviews
to defame someone.
- Choose
your payment route carefully
You
should never pay the insurance amount in cash as it is a sure-shot
way to get scammed, rather always pay in cheques for offline
processes. For online payments always double-check the safety of the
payment portal.
