RLife: 7 held, 12 detained in spurious calling cases

Written by fe Bureau | Mumbai | Updated: Aug 21 2013, 09:36am hrs
Reliance Life Insurance on Tuesday said as many as seven persons have been arrested and 12 persons detained in connection with complainsts filed by the company in spurious calling cases in the last few months.

The arrests and detentions have been made by police in various parts of the country including Maharashtra, Madhya Pradesh, Gujarat, West Bengal and Uttar Pradesh, Reliance Life said in a statement.

Spurious calling is a term used by the insurance industry to refer to a group of fraudsters who call customers posing as representatives or employees of an insurance company and lure customers into buying insurance products by making false and bogus offers.

Weve been receiving several queries from customers getting spurious sales calls with unrealistic offers, including interest-free loans and extraordinary bonuses. We have also formally, along with the industry, filed a complaint with the Economic Offences Wing seeking help to act against spurious callers, said Anup Rau, CEO of Reliance Life Insurance.