Birla Sun Life — Bonus for Dream Plan - Agent Commission

Part -1
I got a call from a person who claimed to be working for Birla Sun Life (Shweta Kapoor). She told that there is a bonus announced for your policy. And there is an agent who wants to claim this amount. If you want to claim this amount, then all you need to do is to remove this agent from your policy & add your USER ID to the policy. Once this is done, you can claim this bonus amount.

Part-2
She said you will get a call from Government Body Insurance Corporation for more details & the procedure.

Part-3
I got a call within half an hour from the person who claim to be working for Government Body Insurance Corporation (which is supposed to be a part of IRDA). The name of the so-called person is Ananya. She was quite meticulous in the instructions & asked me to note the process.
Process of ScamThe process of the scam is called Agent Code Deactivation. And to do this one must create an account to by "Return Government Fund". I have to pay 50, 000/- to open the account. I will receive the money-back with an interest of 12% after a year which totals up to Rs 56, 000/-Then I had to choose an option of which insurance company to be used for investment. There were two options, 1- Bharti AXA Life Insurance 2- Canara HSBC Life Insurance.
I had to send my documents like PAN Card, Aadhaar Card, passport size photo & Cancelled cheque over Whatsapp to open the account.
After that, a link would be sent to me to make the payment & which in turn will generate the user id. Then I would a get dummy bond paper from Bharati Axa in the next 15 days. After that, I will get a fund transfer letter within 30 days with password details. And I was told not to share this with anyone. So considerate of them for my privacy.
And finally, the bonus of the agent commission will be credited to my account within 90 days.
Which financial institution asks for documents over Whatsapp?
BTW, it seems that was some data leak as they had the policy details, date of policy start & the premium amount.
The question is how did I get suspicious? The answer is in the math & some basics on document sharing.1 - The guaranteed return of 12% by a government instrument. This is impossible.2 - Amount of bonus to be received. That amount is about 10 times the yearly premium amount. This is completely ridiculous.3- Using Whatsapp for Document sharing
To be honest, it is quite a good try to scam people to extort money.