A lot many insurance companies, both Indian and Multinationals have opened floodgates for bogus claims and frauds. Earlier only Government was into the insurance business. Privatization has generated cut throat competition. The detective has to get acquainted with the system, methodology and norms of these companies. Loop holes are exploited day in and day out. It has even gained the proportion of an organized crime. India has already become an important medical destination on account of cheaper treatment costs. Rules and regulations are flouted to accommodate bogus claims. Moveable and immoveable assets are insured on inflated figures. Some times arson is the modus operandi for large claims. Accident claims are generally exaggerated to recover inadmissible claims and pocket money. Private investigators are engaged in a big way to authenticate claims. They are also expected to detect frauds. There is a systematic way of making foolproof inquiries. Procedures are to be followed. Rules and regulations are to be mastered. Evidence has to be collected in such a manner that it should substantiate the findings of the investigator. Likewise evidence is to be brought to surface to refute bogus claims. Only specialized investigation can provide insight in to all aspects. Multidimensional Management Consultants are the experts in this field.