claim amount send in wrong account by insurance company
21-Jul-2023 (In Banking / Finance Law)
I am Empanel investigator and advocate in Insurance company. I had investigated one death case of group Personal accident claim. In the said case claimant had provided her unread bank pass book copy. The correct account number was 32250100810988, but in my investigation report i had mentioned 32250100810908. The claimant had also mentioned incorrect account number 32250100810908 in claim form. Generally insurance company pays to beneficiary's on the basis of photocopy of bank pass book. But i am surprised that, in the said case insurance company had paid the benfeciary on the basis of my report. Due to wrong account number amount went to third party account and he has withdrawn it and he is not returning the amount. Now insurance company has issued a letter to me and asking clarification . Company has also threating that they will dipanel me and amount will be recovered from my pending fees towards company. Kindly advice me.
Hello, in this case when money has been transferred to incorrect/wrong account, 1st it should have been informed to the concern bank official as well as copy to the insurance company and the claimant, the same copy with stamp of bank should have been reported to the the concern police station and placed the demand to the person Who has withdrawn the amount wrongly by the police it self and you can file a case against the person for cheating and fraud. similerly you can write a mail to the company how they have made mistakes when they have Copy of passbook they should have been doubling sure while transferrig the money in beneficiary AC.
hello
the report was bonafide and hence you cannot be implicated on the basis of the report. the only question is of the wrong transfer which was not in the name of the beneficiary. lodge an FIR against the person and cite details of the bank transaction. the whole details of the events which lead to the transaction should also be communicated to the bank.
regards
the report was bonafide and hence you cannot be implicated on the basis of the report. the only question is of the wrong transfer which was not in the name of the beneficiary. lodge an FIR against the person and cite details of the bank transaction. the whole details of the events which lead to the transaction should also be communicated to the bank.
regards
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