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Total Comments: 36
Posted: Sat Apr 04, 2009 06:02 pm Post Subject:
^^ maybe your right, how this frauds happen, knowing that can formulate formulas on how to prevent this. Same goes to the question of how to prevent it. I think you will not understand how to prevent it if you dont know how it all happens, right? Well, thats for me, i just answer your question anyway.
Posted: Sun Apr 05, 2009 11:49 am Post Subject:
maybe your right, how this frauds happen, knowing that can formulate formulas on how to prevent this
yes it can surely prevent but the person will get to know where he was lacking and may turn to be more smarter by learning those tricks......it could be one of the possibility .. don't u think so?... :wink:
Posted: Sun Apr 05, 2009 11:58 am Post Subject:
^^ i dont think there is a difference between that! After all, the concept is the same! Isnt that knowing where you lack of is a part of prevention at all? If i will ask how to prevent and get an answer, i can evaluate what you are trying to say. No difference at all. And getting to know the ways to avoid fraud is a part of it. I answer it generally and answer it specifically.
Posted: Sun Apr 05, 2009 12:12 pm Post Subject:
ok dritz i got your point and your way of explanation too. It is necessary to discuss on the subject matter in order to prevet the future loss but it need to be done in a serious manner not as a casual approach i.e. chitchatting for fun. :arrow:
Posted: Sun Apr 05, 2009 12:56 pm Post Subject:
^^ agree. serious topics need serious answers. Since this place is giving revenue per post. You can expect more of it. But i hope those kind of thread starters will take some considerations about this.
Anyway, i think that the thread title is awkward.
Posted: Tue May 05, 2009 09:55 am Post Subject:
Today the insurance industry transacts claims worth millions of dollars. Con artists are teaming up with insurance agents to dig out as much as they can. It has become a necessity to curb insurance frauds in order to lead the settlement processes in a smooth way.
IMO all we'd need to discuss about frauds have to be case studies pointing to real life incidents. Otherwise, there's no pointing in rolling over the same thing once more.
Steven
Posted: Tue May 05, 2009 11:12 am Post Subject:
Amit i think, moreover, here to know about such incidents is a learning experience for others, so that they dont go thru the same. Normally, what happens is that any1 who is opting for a financial product incl insurance no one cares to read the TnC part which is most crucial for one common reason that it has that legal language and is also lengthy so tiring...
and thus get stuck in some or the other situation... turning out to b a fraud..
so what are you waiting for Goodnaz... when do we get to know some incident worth knowing...
GNP
Posted: Wed May 06, 2009 10:12 am Post Subject:
Hi gnp,
Normally, what happens is that any1 who is opting for a financial product incl insurance no one cares to read the TnC part which is most crucial for one common reason that it has that legal language and is also lengthy so tiring...
That surely is a problem for many...but for every financial program that you enroll you'd need to read it slowly and carefully in order to get what the clauses actually mean for you. It's quite like many of these tele-marketing scripts that the agents would read over the phone, which are actually legal documents that form the basis of the agreement. More often you'd find them reading faster for certain clauses which they feel might be insignificant for you at that point of time.
Steven
Posted: Wed May 06, 2009 11:38 am Post Subject:
True Steven... Honestly, i have gone through n no. of threads in this site.... and i am really proud to associated with it... and one of the reasons being the way this message is spread..... GO THROUGH YOUR POLICY DOCUMENTS... READ CAREFULLY ALL CLAUSES BEFORE YOU ACT.
This is so very important. N shockingly, there are many people who wake up when an issue arises and then some clause is shown to them. So Reading thoroughly can prove so worthy...I guess most of the problems with such regards would not arise if this is taken care of.
Posted: Thu May 07, 2009 12:53 am Post Subject: insurance
My opionin? If you feel pressured by ANY Insurance Company or Insurance Agent, you shouldn't deal with them at all. I've had a Insurance Company call me several times, about a Life Insuranmce policy I was interested in. Thje Agent din't really answer any questions I had and persisted, several times, to call back, after I told him I no longer wanted to do business with him. Just use your 'gut feeling' at dealing with Insurance Companies/Agents.
Posted: Sat Apr 04, 2009 06:02 pm Post Subject:
^^ maybe your right, how this frauds happen, knowing that can formulate formulas on how to prevent this. Same goes to the question of how to prevent it. I think you will not understand how to prevent it if you dont know how it all happens, right? Well, thats for me, i just answer your question anyway.
Posted: Sun Apr 05, 2009 11:49 am Post Subject:
maybe your right, how this frauds happen, knowing that can formulate formulas on how to prevent this
yes it can surely prevent but the person will get to know where he was lacking and may turn to be more smarter by learning those tricks......it could be one of the possibility .. don't u think so?... :wink:
Posted: Sun Apr 05, 2009 11:58 am Post Subject:
^^ i dont think there is a difference between that! After all, the concept is the same! Isnt that knowing where you lack of is a part of prevention at all? If i will ask how to prevent and get an answer, i can evaluate what you are trying to say. No difference at all. And getting to know the ways to avoid fraud is a part of it. I answer it generally and answer it specifically.
Posted: Sun Apr 05, 2009 12:12 pm Post Subject:
ok dritz i got your point and your way of explanation too. It is necessary to discuss on the subject matter in order to prevet the future loss but it need to be done in a serious manner not as a casual approach i.e. chitchatting for fun. :arrow:
Posted: Sun Apr 05, 2009 12:56 pm Post Subject:
^^ agree. serious topics need serious answers. Since this place is giving revenue per post. You can expect more of it. But i hope those kind of thread starters will take some considerations about this.
Anyway, i think that the thread title is awkward.
Posted: Tue May 05, 2009 09:55 am Post Subject:
Today the insurance industry transacts claims worth millions of dollars. Con artists are teaming up with insurance agents to dig out as much as they can. It has become a necessity to curb insurance frauds in order to lead the settlement processes in a smooth way.
IMO all we'd need to discuss about frauds have to be case studies pointing to real life incidents. Otherwise, there's no pointing in rolling over the same thing once more.
Steven
Posted: Tue May 05, 2009 11:12 am Post Subject:
Amit i think, moreover, here to know about such incidents is a learning experience for others, so that they dont go thru the same. Normally, what happens is that any1 who is opting for a financial product incl insurance no one cares to read the TnC part which is most crucial for one common reason that it has that legal language and is also lengthy so tiring...
and thus get stuck in some or the other situation... turning out to b a fraud..
so what are you waiting for Goodnaz... when do we get to know some incident worth knowing...
GNP
Posted: Wed May 06, 2009 10:12 am Post Subject:
Hi gnp,
Normally, what happens is that any1 who is opting for a financial product incl insurance no one cares to read the TnC part which is most crucial for one common reason that it has that legal language and is also lengthy so tiring...
That surely is a problem for many...but for every financial program that you enroll you'd need to read it slowly and carefully in order to get what the clauses actually mean for you. It's quite like many of these tele-marketing scripts that the agents would read over the phone, which are actually legal documents that form the basis of the agreement. More often you'd find them reading faster for certain clauses which they feel might be insignificant for you at that point of time.
Steven
Posted: Wed May 06, 2009 11:38 am Post Subject:
True Steven... Honestly, i have gone through n no. of threads in this site.... and i am really proud to associated with it... and one of the reasons being the way this message is spread..... GO THROUGH YOUR POLICY DOCUMENTS... READ CAREFULLY ALL CLAUSES BEFORE YOU ACT.
This is so very important. N shockingly, there are many people who wake up when an issue arises and then some clause is shown to them. So Reading thoroughly can prove so worthy...I guess most of the problems with such regards would not arise if this is taken care of.
Posted: Thu May 07, 2009 12:53 am Post Subject: insurance
My opionin? If you feel pressured by ANY Insurance Company or Insurance Agent, you shouldn't deal with them at all. I've had a Insurance Company call me several times, about a Life Insuranmce policy I was interested in. Thje Agent din't really answer any questions I had and persisted, several times, to call back, after I told him I no longer wanted to do business with him. Just use your 'gut feeling' at dealing with Insurance Companies/Agents.
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