Fraud is defined as a person's resorting to deception in order to obtain a special advantage or benefit for himself or for others, to avoid an obligation, or to inflict a loss on another party. The term fraud is used to describe violations that include but are not limited to deception, bribery, forgery Extortion, embezzlement, distortion of facts, and concealment of essential facts, collusion, or conspiracy. Insurance fraud is defined as an act aimed at achieving an unacceptable or legitimate benefit to the fraudster or to others.
Fraud may take any of the following forms:
-The misappropriation of the company's assets and property.
-Intentional harm or concealment of one or more essential facts related to a financial decision, financial operation, or exploitation of the company's position.
-Abuse of authority or a position of trust and confidence or a fiduciary relationship.
The importance of reporting fraud or misuse of insurance
Service providers, insurance officials, and the insured can all report fraud or misuse of insurance in order to help protect the rights of the insured.
How to report fraud and misuse of insurance
Call the unified number:
8002440959
Or write to us via the form below
Note: We assure you that all personal information and data will be treated with strict confidentiality.
