In Pune :BEWARE OF FRAUD Insurance Managers/Agents OF MetLife India insurance Co Ltd.

MODUS OPERANDI OF THESE FRAUD INSURANCE AGENT/MANAGERS OF METLIFE in Pune(TO MEET THE SALES TARGET) ARE AS UNDER :
• Somehow convince customer and get his/her signature in BLANK proposal form.
• Later, manipulate customer data as per their own requirement, even if such manipulation cost a hefty penalty for customer as happened in MY CASE AS WELL AS IN below example.
• Issue policy to customer so that these FRAUD MANAGERS can reach their sales target.
• Later, forfeit the premium amount by cancelling the policy with the excuse of wrong data furnished by customer which is actually done by these FRAUD AGENTS/MANAGERS of METLIFE.

Even more shocking from the case of Mr. Moiz is that he is cheated by a Manager on whom customers like us have more trust and faith as compared to an ordinary agent who are expected to commit such forgery for their own survival on mere commission payout.

Here are some prevention process to save us from the clutches of these GREEDY FRAUD insurance managers/agents :
• Do not sign blank form (specifically of Metlife Insurance).
• Ask Metlife Manager to fill up the data in front of you and then sign the form.
• Do not get carried away by sweet talk of these AGENT/MANAGERS OF METLIFE.

I truly wonder HOW IRDA GIVE LICENSE TO SUCH Cos WHO ARE DELIBERATELY CHEATING THE CUSTOMERS USING THE LOOPHOLE LEFT OPEN BY IRDA. In addition to what Mr. Moiz has proposed to use his example as "CASE STUDY" and plug these loopholes, I have following suggestion to IRDA for completely wiping out this corrupt practice at its very root/inception :

• INTRODUCE 2 CHECKBOXES, either of which need TO BE TICKED IF THE FORM IS GETTING FILLED BY AGENT/MANAGER OF INSURANCE CO or BY PROPOSER HIMSELF. LOCATION OF SUCH 2 CHECKBOXES MUST BE JUST BELOW THE PROPOSER'S SIGNATURE.
• ADDITIONALLY, EVERY INSURANCE CO MUST PHYSICALLY VERIFY WITH PROPOSER IF FORM WAS FILLED UP BY AGENT OR PROPOSER; IN CASE FORM IS FILLED UP BY AGENT/MANAGERS THEN EXTRA PRECAUTION MUST BE TAKEN AND ALL PROPOSER DATA MUST BE CROSS-CHECKED BY HIGHER AUTHORITY BEFORE ISSUING POLICY PAPER simply because an ordinary customer like us will neither read nor understand the policy terms and conditions which help these FRAUD AGENTS/MANAGERS to cancel the policy and forfeit premium amount, using the same data that got MANIPULATED BY THESE FRAUD AGENTS/MANAGERS WHILE FILLING UP THE BLANK FORM ALREADY SIGNED BY PROPOSER IN GOOD FAITH.
Thanks
Vinny
Pune

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