In this type of Scam hundreds of individuals fall in the trick of bogus insurance calls. The fake callers are ever more innocent and appeal to our sense of fear and greed to hand over personal details and money. We have collected here the different kinds of calls they make. If you encounter any of these, simply disconnect the call.


Fake Call example 1: This is a call from an LIC service branch; you can transfer the existing policies to new policies for better returns.

Fake Call example 2: There is an annual equity bonus lying unclaimed in your Account, which will be transferred to your Insurance Agent/govt. Please deposit money in a certain bank account to avoid this transfer.

Fake Call example 3: Your insurance agent purchased insurance policy of Xyz Company at the time of purchasing your LIC policy. Dividends from policy of Xyz Company will be transferred to your agent and xyz insurance company. Please deposit money to transfer this money to your account.

Fake Call example 4: You are entitled to loyalty bonus for being a valued customer. This bonus is transferred to agent code instead of your code. Give policy details so that the bonus is properly transferred to you.

Fake Call example 5: We are calling from Insurance Verification Department. Give your PAN Card number, Bank Details and Aadhaar number to complete the verification process.

Fake Call example 6: Your insurance policy is up for cancellation and your money will be transferred to your agent and LIC. Give personal details, policy details, bank account details and secure code behind card to complete electronic transfer of money.

Fake Call example 7: We are calling to check if you would like to raise an objection for Bonus cancellation on your policies. If you do not raise any objection, then LIC agent gets 40% and local branch gets 60%. Send Rs 30,000 along with PAN Card and Aadhaar Number to raise any objection.

Fake Call example 8: Give your insurance policy and other details for verification. If you do not give these details, your payments and pension will be blocked.

Fake Call example 9: Stop paying premiums towards your existing policy since it has lapsed due to some reason. Surrender it and buy a new one.

Fake Call example 10: Your insurance policies are running in loss. I will get a new policy which will recover all the money and make a profit for you.

Fake Call example 11: Surrender your existing policy because a new policy is being offered with better terms, and you no longer need to continue with the existing policy.

Fake Call example 12: I am an LIC employee and I can offer a special bonus and larger returns when you buy a policy from me.

Fake Call example 13: You were cheated by the company and I thought it was our moral duty to inform you. If you buy a new policy, I can cancel the previous one and get all your money back.

Fake Call example 14: I am calling from IRDAI. You are entitled to the bonus on your life insurance policy. But to realise the cheque, you have to make an investment first. And today is the last day

Fake Call example 15: There was a mistake in your policy and it is useless. You need to correct it for which you have to pay Rs20,000.

Fake Call example 16: Agents make a lot of money in bonus and commissions when they sell a policy to you. I can get it reversed but you need to buy a policy first.

Leave a Comment