[New Delhi]Life Insurance Corp. Fraud:Two Booked
Two officials of the Life Insurance Corporation of India[LIC] have been booked by the CBI for allegedly swindling more than Rs 3 crore by making death claims on the basis of forged documents in 190 insurance policies in which they inserted bank accounts of their acquaintances in place of nominees, officials said.
The policy holders, who were alive, did not realise that their policies have been redeemed by the swindlers
The scam went undetected in Kodad branch of Suryapet district, Telangana for nearly 10 years between 2008 and 2018 till an internal audit by the LIC caught the ongoing fraud, the officials said.
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