Experts Warn Against Fraudulent 'Bima Lokpal' Calls Offering Insurance Refunds

Policyholders in India have reported receiving calls from individuals claiming to represent 'Bima Lokpal,' offering refunds on lapsed insurance policies if a new policy is purchased or a payment is made. Experts warn this is a common insurance fraud where scammers use old policy details to gain trust. No government agency or regulator contacts customers for refunds or requires payments. Policyholders are advised to verify information through official insurer or regulator websites and avoid intermediaries.