Summary:
To ensure that Thorat did not get an SMS alert about the change of policies, the accused even mentioned their own numbers on the forms. The accused even reached out to the courier company and prevented it from delivering the courier, notifying him about the cancellation, to Thorat’s house. Unable to achieve the same, they came up with this plan.”Sources said that the statements of the insurance company’s higher-ups would also be recorded to substantiate the confessions made by the accused about the pressure to bring in more business.Patil said, “In this case, the accused did not steal or take money away from the customer. They offered him alternate policies that they claimed would give him better returns.After Thorat refused to surrender his policies, which were collectively worth Rs50 lakh, the accused assured him that they would not surrender his policies and asked him to give his consent to carry out transactions to start new policies.Later, the accused allegedly forged his signatures so that they could surrender his policies and transferred the existing amount to different policies. However, in an attempt to meet the business targets set by the company, they have committed cheating and forgery and have ended up causing serious financial losses to the customer.”The accused executives not only cancelled the policies which were on the verge of maturity but also forged signatures of the customer and sent a letter to the State Bank of India’s branch asking it to start deducting instalments for new policies from his bank account.It was in October that the four accused came from Pune and informed Thorat that his five policies, including three in his wife’s name, were giving him a paltry return..