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Senior citizen loses Rs 64 lakh to fake IRDA agents then gets police notice instead
Economy
Published on 26 April 2026
He sent ATMs by courier, believing officials demanded fees
A 62-year-old senior citizen in Navi Mumbai was cheated of Rs 64 lakh over four years after fraudsters impersonated IRDA and the IGMS grievance system. He was repeatedly told the transfers were for “taxes and fees,” and even couriered ATM cards. Police have now registered an FIR as the case reveals a criminal scam rather than a legitimate recovery process.
- Fraudsters posed as IRDA and IGMS officials to extract money
- Victim was tricked into paying fake charges over four years
- He couriered ATM cards during the scam
- An FIR has been filed after the matter came under investigation
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times