Insurance industry has reached new heights of development with the advent of
time and this has led to the science of insurance getting the special attention
of policy holders, insurers, common man and the aspirants for jobs in the
insurance sector. Similarly, the system has developed more customer friendly
means of insurance, speedy claim settlement, better servicing etc.
It has also become common practice that the insurers are using the best
means of penetration into the mass, thereby, making this a tool of common man to
combat the financial uncertainty in the event of a calamity. Naturally, side by
side, there has been attempts to draw undue benefit out of the cover of
insurance, by some cunning men.
The attempts by these people who are a few in number, is
obviously creating threat to the others who form the very big mass and are
genuinely paying their premium, but hoping to get the risk covered only and do
not want the uneventful to happen.
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