Thursday, January 13, 2011

Who are the victims of insurance fraud?

Many will think that there are no victim or the victim is insurance company but the answer is YOU.

Fingers have been chopped off, medical ailments exaggerated and even death faked – all for the purpose of fraudulent insurance claims. The problem is widespread and insurance companies have lost hundred of millions of ringgit, forcing them to push up premium rates and pass on the cost to other consumers.

Therefore, You - the Consumer, will have to bear the cost of Fraud.

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