Do you still follow this practice of leaving beneficiary's name vacant in your day to day life,? If yes, then who takes responsibility of potential misuse?
Who helped you to identify this fraud and fraudulent man, Police or insurance Co? Because similar fraud was uncovered by a owner of a car with the help of insurance company man. Here is a link http://www.theautomotiveindia.com/f...insurance-scam-maruti-dealer-scam-beware.html