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How were army veterans in New Delhi cheated out of Crores?
The Army Group Insurance Fund (AGIF) was established in 1981 for providing Life Insurance cover to retired army personnel. It also comes with a medical benefit and a deposit scheme for deceased personnel’s family.
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The Army Group Insurance Fund (AGIF) was established in 1981 for providing Life Insurance cover to retired army personnel. It also comes with a medical benefit and a deposit scheme for deceased personnel’s family.
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But recently, the fund was targeted by a group of insurance fraudsters.
The group’s modus operandi involved reaching out to army veterans and claiming to help them receive monetary benefits from the fund.
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The group’s modus operandi involved reaching out to army veterans and claiming to help them receive monetary benefits from the fund.
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They guaranteed army pensioners and next of kin large amounts of money as outstanding maturities and bonus from the AGIF, and subsequently demanded an upfront payment of 30-40k as “processing fees” for releasing the amounts.
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