Attack. Sound – Friends of Suara Serang must know and be wary of rogue insurance agents with various modes and tricks.
In the following, we present 8 characteristics of rogue insurance agents that we adapted from various official sources, Thursday (25/5/2023).
Before knowing the eight characteristics of rogue insurance agents, you must know a few things, namely that there are still many cases of fraud committed by insurance agents, making people feel skeptical in choosing insurance.
However, life insurance has important benefits in protecting wealth in the event of a disaster.
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Therefore, it is important to recognize some of the modes that are often used by rogue insurance agents.
Currently, around 80 percent of people prefer to use private insurance in the health sector. Meanwhile, the level of public confidence in life insurance is around 55 percent. As for pension insurance, the confidence level is around 35 percent, citing YouTube CNBC Indonesia.
8 Characteristics of a Fraudulent Insurance Agent
Insurance illustration (source: pexels)
1. Fake Insurance Offers
Rogue insurance agents offer fake insurance policies to prospective customers. They use fake documents and make false promises about benefits and insurance coverage that don’t match reality.
2. Premium embezzlement
Rogue insurance agents receive insurance premiums from customers, but they do not pass them on to insurance companies. They use the money for their personal interests, so that when a claim is filed, the customer does not get the benefits it should.
3. Sales of Policies with Inaccurate Information
Recalcitrant insurance agents often provide inaccurate or misleading information to potential customers. They can hide important information about the terms, exclusions or requirements of insurance policies that can harm customers in the future.
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4. Fake ID
Some rogue insurance agents use fake identities to deceive customers. They claim to be legal insurance agents or work for reputable insurance companies, when in fact they are fraudsters who have no official relationship with the insurance company.
5. Forgery of Claim Documents
If a customer submits an insurance claim, rogue insurance agents can falsify claim documents to avoid paying claims that should have been made by the insurance company. They can change or hide important information in claim documents.
6. Telemarketing and Telephone Fraud
Rogue insurance agents use telemarketing methods or fraud over the phone to offer fake insurance policies.
They use aggressive selling techniques and take advantage of consumer ignorance or trust for personal gain.
7. Stupid Investment
Some rogue insurance agents are also involved in fraudulent investment offers that are claimed to be related to insurance products. They promise huge profits with minimal risk, but in fact this is just a fraudulent scheme to collect funds from potential customers.
8. Cancellation of the insurance policy for no apparent reason
Rogue insurance agents can cancel the insurance policy for no apparent reason or transfer the policy to another insurance company without the customer’s approval. This can cause the customer to lose the insurance benefits that have been paid.
It is important for prospective customers to be aware of the methods of these rogue insurance agents and to carry out thorough checks before buying an insurance policy. Make sure to deal with an insurance agent who is trusted and has an official license.