Couple forge own death certificates - The Times Of India

Couple forge own death certificates - The Times Of India

LIC Agent And Wife Got ₹40L In Payouts

TIMES NEWS NETWORK

Ahmedabad:11.10.2020

In a unique case of cheating registered at Karanj police station on Friday, an insurance agent of LIC, Parag Parekh and his wife Manisha Parekh, both residents of Maininagar East, were arrested for allegedly forging death certificates of each other and obtaining the insurance settlement claims of Rs 15 lakh and Rs 25 lakh.

Inspector D V Tadvi of Karanj police station said that they have arrested both accused after getting their Covid-19 tests done on Saturday evening.

According to the FIR lodged by senior manager Kaushik Shah of LIC at Jivan Prakash Building on Relief Road, Parekh had taken a term insurance policy in the name of his wife Manisha on January 1, 2012 for Rs 15 lakh and used to pay the premiums regularly.

On May 5, 2016, Parag produced a bogus death certificate of his wife and after primary investigation he was given the benefit of Rs 15 lakh.

Inspector Tadvi said that meanwhile Parag transferred his own policy of Rs 25 lakh to Gandhinagar branch in March 2017 and put his wife’s name as nominee.

“Here also his wife obtained a forged death certificate of his husband and produced the forged documents in the LIC office to obtain the benefits. According to our information his wife too has obtained the benefit of Rs 25 lakh,” added Inspector Tadvi.

According to the FIR, in the audit conducted in July 14, 2020 it came to light that after the faked death of his wife, Parag had put his wife’s name as nominee in his own LIC policy.

“Later an internal inquiry was ordered and the whole scam came to light. Based on the internal inquiry, LIC has registered a complaint with us. We have arrested the accused and produce them at the judge’s bungalow on Sunday,” said Inspector Tadvi.

Parag Parekh produced the bogus death certificate of his wife in 2016 and received Rs 15 lakh. He then transferred his policy to the Gandhinagar branch and named his wife as the nominee, and she submitted his ‘death certificate’