In this method, the accused retrieve information on customers of various insurance firms and contact them on pretext of getting them refund for insurance or threatening them with discontinuation of the accounts for not accessing it regularly.

In this method, the accused retrieve information on customers of various insurance firms and contact them on pretext of getting them refund for insurance or threatening them with discontinuation of the accounts for not accessing it regularly.

Sometimes, the fraudsters even use name of regulatory authorities to scare the insurance policy holder and coax them to pay the amount immediately. Money is also demanded on pretexts such as insurance premium, security deposit, penalty, etc.