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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. |
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