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The Truth Behind Insurance Claims

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The only background verification company who runs a background check on all kinds of crimes through physical field verification is Fourth Force! Verify before trust. – PowerPoint PPT presentation

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Title: The Truth Behind Insurance Claims


1
The Truth Behind Insurance Claims Solving The
Puzzle
  • - Fourth Force -

2
  • The insurance market is witnessing growth like
    never before, thanks to the public interest,
    awareness and burgeoning number of insurance
    companies. Equally, there are also a growing
    number of insurance claims that have come out to
    be fraud. Tackling this menace has become a
    headache for most insurance companies, which
    continue to grapple with false insurance claims.
  • Settling every claim made isnt what insurance
    companies are bound to. They have to ascertain
    the facts and claims made by the claimant. Greed,
    financial problems are a few reasons that force
    people to resort to false claims.

3
Fourth Force comes to an insurance companys
rescue
  • Just a week back, a noted insurance company, with
    branches across India, approached Fourth Force to
    investigate the veracity of the claims made by
    one of their customers. Reposing complete faith
    in Fourth Force, the insurance company sent their
    claims consultant to meet our investigator (a
    former employee at RAW) and gave minute details
    about the customer, whose claims were to be
    verified.
  • Their customer is a high-net-worth individual who
    stays in Bengaluru at his posh residence, for
    which he has been paying home insurance for over
    3 years. The customer wanted settlement for the
    burglary that has happened at his residence when
    he was on a vacation with his family in an exotic
    island. The claim was a huge sum of money, which
    the insurance company was willing to pay if the
    burglary indeed occurred.

4
Fourth Force brings the truth out
  • With no delay, a team of investigators led by a
    senior ex-police officer got down to business to
    crack the issue. They personally met the
    insurance policyholder and sought the chronology
    of events that have unfolded from the time he had
    left for the vacation to the time they lodged a
    complaint with the police. On the list of things
    lost, he claimed losing 600 sovereigns of gold, 7
    Kgs of silver and gadgets.
  • The astute team of investigators concluded that
    burglary has indeed occurred but found
    discrepancies in the arguments put by this
    high-net-worth individual. On further questioning
    of his family members on matters like when they
    purchased the jewelry, if they could produce the
    bills and photographs of the family members
    adorning those ornaments, they confessed and the
    truth was out.

5
  • Contrary to the claims, it was revealed that he
    lost just around 150 sovereigns of gold, and a
    few months back he had enchased the rest of gold
    he claimed was stolen. His argument that he lost
    silver has turned out to be false.
  • Such fake insurance claims having become a daily
    affair and insurance companies want to keep vigil
    by stepping up their verification process by
    seeking the help of investigators like Fourth
    Force.
  • For more Details, just logon to
  • http//www.fourthforce.in
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