Insurance coverage Eire warns customers to be looking out for Life Insurance coverage Fund scams


Insurance coverage Eire has warned the general public after turning into conscious of faux life insurance coverage fund scams doing the rounds.

It additionally says it’s conscious that members of the general public have obtained phone calls from fraudsters impersonating Insurance coverage Eire members.

The pretend or unregulated corporations are reportedly providing convincing methods for individuals to make a fast revenue or are purporting to have extraordinarily enticing long-term returns.

READ MORE:Aged girl ‘conned out of €230,000’ as gardai probing romance fraud arrest man in Dublin

In an announcement launched at present, a spokesperson for Insurance coverage Eire stated: “With rates of interest so low, many individuals are looking out for a greater return from their financial savings.

“Sadly, this has resulted in a rise within the variety of rip-off and fraudulent actions in circulation.

“Some criminals are utilizing refined strategies to steer customers to put money into pretend funding and life insurance coverage funds.

Insurance Ireland warns consumers to be on the lookout for Life Insurance Fund scams
Insurance coverage Eire warns customers to be looking out for Life Insurance coverage Fund scams

“These strategies embody, however might not be restricted to, the usage of pretend comparability model web sites to acquire private and speak to particulars from members of the general public which they then use to contact you, claiming they’re calling from a good insurance coverage firm.”

If you’re contacted by a suspicious or unknown phone quantity, or when you obtain a suspicious e mail claiming to be from an insurance coverage firm, you need to report this on:

  • or
  • e mail

Insurance coverage Eire additionally issued the following pointers to assist keep away from monetary fraud:

Shield your private info – You need to keep away from offering any private particulars or transferring any cash except you may have verified the legitimacy of the product. An insurance coverage supplier won’t ever ask you for private info equivalent to passwords or login info.

Don’t be rushed – Being rushed into a choice a few particular product could be a signal of fraud. Criminals will sometimes put you below strain to speculate your cash. Insurance coverage suppliers would by no means rush a buyer to make a monetary dedication.

Suspicious Communications/Faux Web sites – When visiting a comparability web site, it can be crucial that you’re additional vigilant. Fraudsters are creating pretend comparability web sites in a bid to make themselves look reputable. As such websites require you to offer your particulars, it could seem much less suspicious when these fraudsters subsequently contact you providing pretend insurance coverage merchandise.

Too good to be true – Many funding frauds promise excessive returns with little threat for the patron. There may be additionally often a brief funding deadline. Bear in mind, if it appears too good to be true it in all probability is.

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