Retired man loses 2.4cr to insurance cyber scam
Mumbai: A 65-year-old retired man from Shivaji Park was cheated online by fraudsters impersonating as officials of Insurance Regulatory and Development Authority (IRDA), NSDL, NPCI, and leading banks.
Under the pretext of helping him recover his lapsed insurance policy, they duped him of Rs 2.36 crore.
According to the police, a retired professional's ordeal began on Nov 5, 2024, when the man received a WhatsApp voice call from a man identifying himself as Dinesh Chaturvedi, an employee of IRDA. The caller claimed he could help recover premium amounts from seven of the victim's lapsed insurance policies. The caller also produced a company ID card which was fake.
The complainant was then instructed to share his policy details via email after which he was told to pay Rs 49,606 as processing fee.
Convinced that he would receive Rs 24.8 lakh refund, he transferred the money to a bank account shared by the scammers. Soon after, he was told to pay tax of Rs 6 lakh initially—which he paid.
Over a period of time, he transferred Rs 2.36 crore to multiple bank accounts provided by the fraudsters.
by Taboola
by Taboola
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On May 19, 2025, after repeated follow-ups yielded no result and no refund was received, the complainant realised he had been duped. He contacted the national cyber crime helpline (1930) and filed multiple complaints to Central Cyber Cell police station. A formal complaint has been lodged against people involved in the cyber scam.
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