Kuching woman duped of RM100k by insurance agent

Tan providing assistance to the insurance fraud victim. – Handout photo.

By Chew Lip Song

A WOMAN in Kuching was defrauded of almost RM100,000 by her insurance agent who failed to remit the premium she had paid in cash to the latter.

Former Stampin MP Julian Tan said the victim only found out she had been duped after she called up the insurance company.

“Many years ago, her insurance lapsed without her knowing. She had paid almost RM 100,000 in cash to the agent. Further investigation also reviewed that insurance policies were issued under her name without her consent via the agent’s fabricated documents,” Tan said in a statement.

Tan, who is also special assistant to state DAP chairman, called on policy holders not to hand over cash to agents for the premium payments but to pay directly to the companies, either over the counter, through online transfer or credit card.

He also called on policy holders to report to the insurance companies immediately if they suspect their agents of impropriety.

“Insurance fraud is a growing concern in Malaysia. The reported case is not the first case we come across in Kuching involving insurance agents misappropriating insurance premiums.

“Such an irresponsible act from rogue insurance agents give a bad name and causes distrust to the industry,” Tan added.