Community › Forums › Legal Advice India › Is this insurance fraud? Or legit? Help.
- This topic has 4 replies, 3 voices, and was last updated 1 year, 4 months ago by
User_ef494c16.
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UUser_ef494c16
PARTICIPANT
February 22, 2025 at 4:29 amSo, my father set up health insurance for both me and him. So, I didn’t know about this until the guy came to ask for OTP. So, we know the guy and know he is legit but I still got suspicious.I don’t know anything about this so, can someone tell me if this is legit or fraud? So, he said I pay 28k in installments for 3 years and I can get free health checkups and any money spent in hospitals upto 10 lakh will be covered by insurance for 3 years only.
But then he asked for OTP and set up autopay of 15k until 2025. I also received a message from Fibe that my loan of 75k has been approved. Now, this guy is well known in the community, and he says there’s nothing to worry. This is a normal process. I’m confused about why 75k loan was approved when he said I only have to pay 28k. Is this normal process? Or something like fraud. Help. I don’t know where else to ask. Thank you.
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WWiseeagle3032
PARTICIPANT
February 22, 2025 at 4:37 amWhere is the insurance policy, its documents and card? You don’t need an agent anymore. Directly do it online from a reputed company. About loan, please check with him. The interest rates are atrocious. Sometimes i too get a message that so and so loan has been approved. You can actually ascertain if it’s true by checking the actual portal. Or sometimes the links they give for such loan approval are nothing but scams.-
UUser_ef494c16
OP
February 22, 2025 at 4:42 amFibe is a legit company as far as I can see. I got message on whatsapp from verified account.>Where is the insurance policy, its documents and card?
Nothing has been given to us yet. He’s currently setting it up. My father only got in contact with him yesterday and he began the process yesterday. My father’s insurance has been approved and he has sent a photo where it says “68k loan approved from fibe and transferred to care health insurance” Both these companies are legit but I don’t know why he’s taking a loan??? I want to know if this is a normal process.
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PPratikstar360
PARTICIPANT
February 22, 2025 at 4:37 amcheck ur pan card it will reflect there -
WWiseeagle3032
PARTICIPANT
February 22, 2025 at 4:38 amAlso, nobody has a right to randomly set up an autopay. Please get it cancelled from the bank.
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