Mumbai crime: Retired accountant loses Rs 67 lakh to fraudster over insurance policy in Kandivli

Updated: Apr 19, 2019, 08:21 IST | Samiullah Khan | Mumbai

Cheat had allegedly posed as an officer of the insurance company the retired accountant had taken a policy worth Rs 3.20 lakh from, convinced the 68-year-old to renew it

Representational Image
Representational Image

A 68-year-old retired accountant was duped of Rs 67 lakh on the pretext of renewal of her lapsed life insurance policy. The Samtanagar police have begun investigating the case after the Kandivli resident complained to them on April 16. According to police sources, the woman retired in 2011, and had bought an insurance policy worth Rs 3.20 lakh. She began paying the annual premium of Rs 30,000 in 2013, but due to some reason, stopped in 2014.

Also Read: Mumbai Crime: Kalyan engineer duped of Rs 10.1 Lakh in railways job racket

Recently, she received a phone call from someone who identified himself as a member of the CBD Belapur Crime Branch. The police said after asking her name and address, he told her that they had caught a gang that had duped several people on the pretext of renewing their insurance policy. He told her that she, too, must have been cheated. The police said the woman inquired about this with the police from CBD Belapur through an acquaintance, and realised she had truly been cheated.

Also Read: Mumbai Crime: Police net owner of travel firm that duped 100 of Rs 1 crore

In her statement to the police, she revealed she had received a call from an unknown person in 2018, saying he was an officer with an insurance company, and he asked whether she wanted to renew her lapsed policy. Initially, he asked her to pay R60 lakh, but later, on the pretext of schemes and other offers, he made her pay another Rs 7 lakh. He asked her to transfer the amount to an account. He also convinced her she would get the receipts, etc." said an officer from Samtanagar police station.

"On the victim's complaint, we registered the case against an unknown accused under sections 419 (cheating by personation) and 420 (cheating) and have begun the investigation, the officer added.

Also Read: Mumbai Crime: Man poses as CISF jawan, dupes around 40 people online

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates

Sign up for all the latest news, top galleries and trending videos from


Aditya Thackeray gears up for Maharashtra assembly polls

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK