Is this insurance fraud? Or legit? Help.

Community Forums Legal Advice India Is this insurance fraud? Or legit? Help.

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    • #49744 Reply
      User_ef494c16
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        User_ef494c16
        PARTICIPANT
        February 22, 2025 at 4:29 am
        So, 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.

      • #49747 Reply
        Wiseeagle3032
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          Wiseeagle3032
          PARTICIPANT
          February 22, 2025 at 4:37 am
          Where 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.

          • #49748 Reply
            User_ef494c16
            Participant
              U
              User_ef494c16
              OP
              February 22, 2025 at 4:42 am
              Fibe 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.

          • #49746 Reply
            Pratikstar360
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              Pratikstar360
              PARTICIPANT
              February 22, 2025 at 4:37 am
              check ur pan card it will reflect there

            • #49745 Reply
              Wiseeagle3032
              Participant
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                Wiseeagle3032
                PARTICIPANT
                February 22, 2025 at 4:38 am
                Also, nobody has a right to randomly set up an autopay. Please get it cancelled from the bank.

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