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Registry of fraudsters requires a cautious approach, say experts

The initiative, which is at an initial stage of discussion, will protect the good customers and also keep the premiums at a moderate level, they say

IL&FS books, riddled with irregularities, sent to audit regulator NFRA
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Subrata Panda Mumbai
A move to create a registry of serial offenders, who dupe the general insurance companies with fraudulent claims, is a welcome step but the authorities should not go on an overdrive, say experts.

The initiative, which is at an initial stage of discussion, will protect the good customers and also keep the premiums at a moderate level, they say. But, there are some concerns on its implementation.

Experts believe that in order to make this initiative work, the authorities should take preca­utionary measures to ensure that the process is foolproof and no genuine customer gets added to the list.

“This

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First Published: Dec 28 2018 | 1:34 AM IST

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