Deloitte’s Insurance Fraud Survey 20231 revealed that insurance companies in India have experienced a rise in instances of fraud within the life and health insurance categories. According to the report, some key factors contributing to fraud include increased digitisation (34%), remote working post-pandemic and weakened controls (22% each). Life insurance is a legal agreement between the policyholder and an insurance company. In this contract, the insurer (i.e. the life insurance company) agrees to provide a…
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