GBIC — Insurance commission and bonus scam | |
I also received these calls . This was regarding a policy I had with Tata AIA 3 years ago. I have cancelled the policy 3 years ago. These people know all your details. They told that a substantial amount of commission and bonus amount is getting transferred to the agent and unless I act immediately the cheque will go into the agents account, Initially the call was made by one Ruchika Gupta from [protected] said she is calling from Tata aia. Then she transferred the call to one Prakash Kumar Bharathvaj ([protected])supposedly calling from GBIC (Governing body of insurance council) He was really persuasive went on and on about how the agents are going to get the commission and bonus which was substantial about 2, 00, 000.. I didn't believe it initially .The next day I got a call from Axis bank in Noida a person called Nikita ( [protected]) saying that a cheque for around 2 lakhs is waiting to go into the account of the agent and only person who can help is the person from GBIC. This Bharathvaj again called me and said the only way is to remove the agent code from my policy and the only way of doing it start another policy either with Aegon Religare or Reliance Lic in a fund called Return Goverment Fund. This he said cannot be started directly as all agents will want commission and they will know that you are starting this fund to remove the agent code. S he proposed that I start a 10 year policy with Aegon Religare paying 70, 000 per annum but once the application number is processed he will make sure that this will be changed into one year policy and I will get back 78400 at the rate of 12% interest along with the previous commission and bonus of 2 lakhs. He said on e Ankruti Sinhania fro Delhi office of Aegon Religare will call and coordinate starting this policy. This lady called from and asked for a cheque for Rs 70000 which had to be given that day. I almost fell for the scam even telling them about my address and bank details.They didn't allow me think they kept calling from these 3 numbers and spoke with me for close to 1 hour. I got suspicious at last and checked in the net and found that this scam is going on for a few years. I called this guy from GBIC and told him that I called GBIC and enquired his name and told him that nobody of that name is working there., He immediately cut me off . So please be aware of these kind of calls. Was this information helpful? | |
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I also am currently facing this scam, and am going to post it with all details.
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I got a call from Arjun Singh from Max Life Insurance ([protected]) saying that Ruchika Gupta ([protected]), an officer from GBIM will call me regarding transfer of my insurance and bonus worth Rs. 2.7 lakhs.
Ruchika Gupta called after an hour and asked me to immediately submit my PAN, address proof, cancelled check and check for rs.1 lakh favouring argon Religare or Bharti axa within 3 hours.
When I mentioned that I have to consult my financial advisor, she grew agitated and threatened to cancel my bonus. I told her that this sounds too fishy for a government department to make such demands and she slammed the phone down.
Then, I found a lot about Ruchika Gupta and her criminal gang on the web.
Beware of these crooks..
Ruchika Gupta called after an hour and asked me to immediately submit my PAN, address proof, cancelled check and check for rs.1 lakh favouring argon Religare or Bharti axa within 3 hours.
When I mentioned that I have to consult my financial advisor, she grew agitated and threatened to cancel my bonus. I told her that this sounds too fishy for a government department to make such demands and she slammed the phone down.
Then, I found a lot about Ruchika Gupta and her criminal gang on the web.
Beware of these crooks..
MAX LIFE INSURANCE ISSUES BONUS :
Like most parents, mine too invest loyally in various life insurance policies.
Two months ago my mum started receiving phone calls from her MAX LIFE INSURANCE company regarding a bonus for her policies.
Busy at work, she kept postponing a conversation with the GBIC Delhi department who called her constantly to complain against her agent.
This morning, calm and off work, she decided to look into the issue on receiving another call from the company.
They updated her of a "loyalty" bonus for our three MAX insurance policies which amounted up to 4 lakh 2 thousand rupees. Later through the conversation, they made her aware that the amount was in the favour of her agent.
Surprised, she requested to understand how to terminate such proceedings and questioned why the company did not throw light on any of it while issuing the policy.
They convinced her that it was their job (the person on the phone) to protect consumers from fraud agents who betray clients by concealing vital information that benefit them. In our case it was a bonus that should rightfully reach the customer only.
Worried and glad to receive assistance, mum sincerely took down notes for the "ACDP" (agent code de-activation) procedure. It is as follows :
1) Masood Ahmed will collect the following to create fund for customer ID :
- Issue cheque for 94, 000 rupees in the name of Bharti Axa Life insurance company limited.
- Issue cancel cheque for updating of bonus
- Pan card number and xerox copy
- Address proof, Aadhar card, passport xerox
- 2 recent colour photos
2) In return the agent will hand over :
- Acknowledge slip
- Application form
- Customer ID
- Dummy policy bond
On completion of all the necessary documentation we shall receive FTL ( funds transfer letter ) within 60 days.
Banker by profession, dad advised mum to recheck the procedure and visit the near by office if necessary.
Mum dug through her documents and read through them while she waited for the agent to come by and pick up documents.
On calling the toll free number printed at the back of the max insurance life policy to verify the proceeding, mum was shocked to hear the officer narrate the remaining procedures and then laugh. "Ma'am you should be glad you haven't lost your money as yet, but you will lose everything pretty soon if you don't act now. We are glad you called to confirm with us and we wish most others did too."
Beaten down with fear, stop payments had to be made as the fraudsters had her cheque leaf numbers and pan card details. Things could have been worse if she had issued the cheque but we were saved.
Unaware of our wake up call we continued to receive calls from our "well wishers" until mum mustered up some courage to pick up and tell them that we be filed an FIR against their company.
We have received no calls since then. But the the episode remains frozen in mum's head.
We're assuming that this is a common scam and that we have been naive about it. But for those of you who sail on the same boat as us, take this as a caution - kind and intensity which I'm not sure of. Looks like a large scam, well thought out and connected with no loop holes.
I've taken the time out to type this out and make it an episode to share just so that none of you lose your hard earned money or your peace of mind.
Watch out for bogus bonuses!
Max life insurance spammers :
Mr. Mehta
1) +91 [protected]
2) +91 [protected]
Mr. Mishra
3) +91 [protected]
Mrs. Amita khurana
4) +91 [protected]
5) +91 [protected]
Mr. Masood Ahmed
6) +91 [protected]
Like most parents, mine too invest loyally in various life insurance policies.
Two months ago my mum started receiving phone calls from her MAX LIFE INSURANCE company regarding a bonus for her policies.
Busy at work, she kept postponing a conversation with the GBIC Delhi department who called her constantly to complain against her agent.
This morning, calm and off work, she decided to look into the issue on receiving another call from the company.
They updated her of a "loyalty" bonus for our three MAX insurance policies which amounted up to 4 lakh 2 thousand rupees. Later through the conversation, they made her aware that the amount was in the favour of her agent.
Surprised, she requested to understand how to terminate such proceedings and questioned why the company did not throw light on any of it while issuing the policy.
They convinced her that it was their job (the person on the phone) to protect consumers from fraud agents who betray clients by concealing vital information that benefit them. In our case it was a bonus that should rightfully reach the customer only.
Worried and glad to receive assistance, mum sincerely took down notes for the "ACDP" (agent code de-activation) procedure. It is as follows :
1) Masood Ahmed will collect the following to create fund for customer ID :
- Issue cheque for 94, 000 rupees in the name of Bharti Axa Life insurance company limited.
- Issue cancel cheque for updating of bonus
- Pan card number and xerox copy
- Address proof, Aadhar card, passport xerox
- 2 recent colour photos
2) In return the agent will hand over :
- Acknowledge slip
- Application form
- Customer ID
- Dummy policy bond
On completion of all the necessary documentation we shall receive FTL ( funds transfer letter ) within 60 days.
Banker by profession, dad advised mum to recheck the procedure and visit the near by office if necessary.
Mum dug through her documents and read through them while she waited for the agent to come by and pick up documents.
On calling the toll free number printed at the back of the max insurance life policy to verify the proceeding, mum was shocked to hear the officer narrate the remaining procedures and then laugh. "Ma'am you should be glad you haven't lost your money as yet, but you will lose everything pretty soon if you don't act now. We are glad you called to confirm with us and we wish most others did too."
Beaten down with fear, stop payments had to be made as the fraudsters had her cheque leaf numbers and pan card details. Things could have been worse if she had issued the cheque but we were saved.
Unaware of our wake up call we continued to receive calls from our "well wishers" until mum mustered up some courage to pick up and tell them that we be filed an FIR against their company.
We have received no calls since then. But the the episode remains frozen in mum's head.
We're assuming that this is a common scam and that we have been naive about it. But for those of you who sail on the same boat as us, take this as a caution - kind and intensity which I'm not sure of. Looks like a large scam, well thought out and connected with no loop holes.
I've taken the time out to type this out and make it an episode to share just so that none of you lose your hard earned money or your peace of mind.
Watch out for bogus bonuses!
Max life insurance spammers :
Mr. Mehta
1) +91 [protected]
2) +91 [protected]
Mr. Mishra
3) +91 [protected]
Mrs. Amita khurana
4) +91 [protected]
5) +91 [protected]
Mr. Masood Ahmed
6) +91 [protected]
Dear Sudhindra, We apologise for the inconvenience faced and thank you for bringing this very serious concern to our notice. We assure you that your comments have been noted and will be acted upon. However, we would like our customer representative to speak with you and hence request you to please share your policy / contact details at [protected]@maxlifeinsurance.com to understand your concerns and mention Ticket No 16239833 on all communication on this subject.
Regards,
Max Life Insurance
Regards,
Max Life Insurance
Dear Sudhindra tl, We apologise for the inconvenience faced and thank you for bringing this very serious concern to our notice. We would have liked our customer representative to speak with you to understand your concerns in greater detail but did not receive the necessary inputs needed to do that. Should you need any further information please write to [protected]@maxlifeinsurance.com and mention Ticket No 16239833 on all communication on this subject.
Regards,
Max Life Insurance.
Regards,
Max Life Insurance.
I have an Max Life Insurance policy for 21 years (Policy No[protected] for which I had paid all the premium. TODAY I received a call from Mr. Ravi Mehta Mob No [protected] stating that your agent is sending e-mails for transfer of Rs 80690.90/- in his account so he inquired about the facilities/information being provided to me by the agent. Then i informed him that no information has been provided by the agent. Then he told me that your case is being forwarded to Bima Lokpal for removing the Agent code and transfer the client ID to me so that the agent commission can be paid to me. after JUST few time I received a call from PRIYA Sharma (Mob No [protected]). She asked to sen a photocopy of my PAN Card, AAdhar Card, two Photos, Cancelled cheque and A cheque for Rs 30000/- (Which is refundable) in favour of Bharti AXa Life Insurance Co Ltd on the following Address :- Vishal Tiwari, Bharti AXA Life Insurance CO LTD, 3rd floor land mark complex, beside surya hotel, near old bus stand, Bilaspur, CG-495001. Please intimate whether the phone callers are Fake or otherwise. Please also take suitable action against the above persons if they are Fake.
regards
NIRANJAN RUKMANGAD
regards
NIRANJAN RUKMANGAD
Today, I got a call from Shweta Kapoor (phone number: [protected]) and explains the same procedure like above.. in 30 mins, I got a another call from Ritesh (phone number: [protected]) and he started explaining about GBIC.. I told him that why he is calling from the mobile number and asked him to hold the line, so I make the conference call with my agent... he cut the call immediately. I have 2 MAX LIFE policies
Senthil
Senthil
Manickkam Kannappan's reply, May 10, 2018
Mr. Senthil kindly continue talking to them but don’t pay or buy any more policies. Record their calls and handover to the police.
I’ve also been scammed recently by these crooks. Similar names like Amit Mishra, Richika Gupta and the most persuasive one is Vineeth Agarwal who will convince you to the extent that you’ll believe he’s virgin Mary. Kindly post about the future proceedings about this gang. Can I do something ? I’m vexed and stuck in turmoil. People who get calls from them, kindly beware and if possible scam them back to save avenge us. Others who are affected kindly post about what we can do.
Even I got similar calls, and I luckily checked web side GBIC and understood the SCAM details.
It was same story they told me also as above and almost convincing to send money through cheque on given address to courier at the earliest in few hours.
After 7 days again I got a call with ph no 0291 [protected] saying calling from Max life Insurance.
Earlier phone numbers are [protected] and [protected]
My question is if we are posting these details, Is there any one taking action to see its nullified to protect others not to repeat .
People getting similar calls please ignore and do not get trapped.
It was same story they told me also as above and almost convincing to send money through cheque on given address to courier at the earliest in few hours.
After 7 days again I got a call with ph no 0291 [protected] saying calling from Max life Insurance.
Earlier phone numbers are [protected] and [protected]
My question is if we are posting these details, Is there any one taking action to see its nullified to protect others not to repeat .
People getting similar calls please ignore and do not get trapped.
i just got a call today from max life customer care and also from gbic agent. i understand now this is fake so will not submit the cheque requested..
kindly any one of you please contact. as i am facing the same issue and Mr. Ankiet Mishra and Tapan Chatterjee from cbi and gbic asked me to invest in many policy saying that your money from insurance companies will come back as some agent has stopped it and your file is with us.
kindly reply anyone if possible.
kindly reply anyone if possible.
Zaranaaz's reply, Jun 20, 2021
Please don't pay any money to them..if you want any help take it from the insurance toll free number which you get in your documents ..they will guide you...
Today I received calls from following numbers. [protected], [protected]asking for ID, photo and other details
I also got the same call from Sandeep maheshwari ( Mobile no. [protected]) he was also calling from GBIC as he said...but he asked 10000 rs as a security deposit but before depositing any amount I called my insurance Company Exide life insurance .and they told me that person is fake .. if you want to cancel policy and want your refund back then you can cantact their branch office...please before taking any step do cross check with your company and also consult with a person who knows about these type of departments...
SBI LIFE
got a similar call. the agent from sbi insurance talking about agent code activation and dividend getting split with the agent. I was asked to change my policy to third-party activation in order to recover the loss. these people work in a group combining insurance bank branch executive, GIC agent and commission agent. they will be very sophisticated and have complete info of your policy. be careful and contact to your policy customer care in case of any doubt.
got a similar call. the agent from sbi insurance talking about agent code activation and dividend getting split with the agent. I was asked to change my policy to third-party activation in order to recover the loss. these people work in a group combining insurance bank branch executive, GIC agent and commission agent. they will be very sophisticated and have complete info of your policy. be careful and contact to your policy customer care in case of any doubt.
I also just got a call.
Was also transferred. Yes, they had all my details as well.
The longer I talked, the more fishy things got.
They key insisting that amount lying in lapsed policy would only be ported to a new policy that was NOT a term policy, and that did NOT have an agent code.
I did have to give my mother's name and DOB, but scary.
Best,
Kanishk
Was also transferred. Yes, they had all my details as well.
The longer I talked, the more fishy things got.
They key insisting that amount lying in lapsed policy would only be ported to a new policy that was NOT a term policy, and that did NOT have an agent code.
I did have to give my mother's name and DOB, but scary.
Best,
Kanishk