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Loan against Insurance Scam
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I am writing this in hope that ppl in this sub atleast do not get scammed like me. If this is a repeat post similar to anyone, apologies for that. Anyways, another alert won't hurt I guess?!...

You will receive a call from a person stating S/he is from Bajaj Finance (My friend recently got a call as Aditya Birla finance).

They will offer a loan against Insurance policy wherein you will have to buy a legit policy referred by them. In my case I was made to buy one from Bajaj Allianz and one from Bharti AXA. Upon receiving your hardcopy of insurance policy document. They will ask for your schedule your disbursement for a date and it will forever keep getting postponed until they ghost you one random day. There were red flags 😔 but ya my situation got the better of me and I suffered a loss.

Be Careful 🙏 The number of varieties in scams I think will push us olden days banking mindset 😔....

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6 months ago