Insurance Sector in India is expanding rapidly with stiff competition in the insurance industry. As the market is growing the chances of fraud cannot be overruled. The insurance industry is also suffering from the menace of fraud particularly in Health and Motor TP portfolio. As a result the sector is bleeding and causing loss to the industry.
In India we do not have sufficient guidelines relating to insurance fraud. Once a fraudulent claims comes to insurance company it is simply rejected and no action is taken. This again boosts the morale of fraudsters to try the same strategy with some other Insurance Company if it clicks. This cost of fraud ultimately affects the bottom line of insurance companies. Though the health insurance market has huge potentials the element of fraud should be managed efficiently to stem the loss.
In this survey we are seeking feedback of the Insurers about their experience in selling health insurance policy. We hope you will spare 5 minutes of your valuable time to help us to suggest ways insurance fraud may be reduced. Your identity will be be kept secret and will not be disclosed in any any form.
Please click on the link below to fill up the questionnaire
Questionnaire for Insurers and TPA
Thank in advance for sparing your valuable time!! If you want to comment on any other issue please give your suggestions in the box below. For any other comments you can contact Project Director: Dr Rakesh Agarwal, Editor, Insurance Times Group and send mail at info@sashipublications.com
The Insurance Times Group, 25/1,Baranashi Ghosh Street, Near Girish Park, Kolkata – 700007. India
Phone: 033 4007-8428/40078429/2218-4184/2269-6035 Fax: 033 2273 6612,
