ACKO Acts against Motor Insurance Scam, Protects Millions of Bike Owners and Promotes Awareness

Bangalore: ACKO, a leading direct-to-customer insurer, busts a significant online motor insurance scam. The company so far has identified over 200 cases of fraudulent activities by individuals purchasing two-wheeler insurance policies against their private four-wheeler vehicles and commercial vehicles by misrepresenting them during the purchase. Complaints have been filed by ACKO against fraudsters across the country under IPC Section 420 (cheating) and the Information Technology Act.

Engaging in insurance fraud is a serious offense with severe consequences. Individuals found guilty of insurance fraud may face criminal charges, including fines and imprisonment. It is essential to adhere to honest practices when purchasing and claiming insurance to maintain the fairness and trust of the insurance industry.

ACKO has observed a concerning rise in digital motor insurance fraud cases in the Southern regions of India, particularly in the states of Karnataka, Andhra Pradesh, Kerala, and Tamil Nadu.

ACKO has taken cognizance of such scams and has not only voided the policies based on misrepresentation of information but has also taken strict legal action. The brand goes beyond simply reacting to fraud. ACKO has issued a public notice to notify the policyholders about such malpractices. The company actively promotes awareness and empowers its customers with knowledge. This commitment is evident in their public notice and their emphasis on purchasing policies directly from their verified app and website

While commenting on the scam, Rajesh Dhane, VP – Litigation & Investigation, ACKO, said, “Customers’ rights and security is paramount for us at ACKO. We continuously strive to protect the interests of the customers and bring to light any fraudulent insurance activities. For the recent cases that have come to the forefront, we have actively collaborated with local authorities to apprehend the culprits. Our efforts to identify and eliminate such scams extend across all cities, and we are confident in eradicating this practice.”

This proactive approach demonstrates ACKO’s unwavering commitment to protecting its customers and combating insurance fraud.