Fake third party car insurance racket exposed

The Hyderabad city police have discovered that several fake third party insurance gangs are in operation in the city and that they have enticed auto drivers and two-wheeler owners to get their vehicles insured with them. "These gangs claim to represent major companies and offer insurance at a very low premium. In reality, they dupe you with fake insurance certificates.

The fraud came to light when an official of The New India Assurance Co Ltd lodged a complaint with the Mahankali police about a fake third party premium receipt he received from a claimant. After a detailed probe, police arrested four persons from Secunderabad and they turned out to be members of a gang, who have been preparing forged third party insurance receipts of various popular insurance companies including The New India Assurance, Bajaj Allianz and Reliance General Insurance.

Till date, the arrested four had duped over 1,100 auto drivers in the city by offering them annual third party insurance just for Rs 1,000 against the normal amount of Rs 3,500.

Source - TOI

First time hearing the fake third party car insurance. As owner never claim for third party car insurance claim, so very less chance of getting caught.

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Originally Posted by Rahul

First time hearing the fake third party car insurance. As owner never claim for third party car insurance claim, so very less chance of getting caught.

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Because it's less premium so nobody realize that it is fake. Iffco-Tokio uses hologram on it's cover note, to safeguard it's cover note.

Me too, this is the first time I have heard about third party car insurance..