We prevent our clients from prospective false claims and identity frauds by rigorously investigating the profiles that underwriters find tough to verify. This is specifically an incredible investigation service for you to keep the threat of forged claims at bay.
Our team of experienced investigators proves unrivalled when it comes to hustle hard on-ground and online to tap on any suspicious element, which detects any default or discrepancy in profiles. In short, we are the strongest squad of verifiers that load organizations with informed decisions to onboard insurer only when he passes the acid test of identity check.
Solutions We Offer
In-Person Profile Check
This is to show up the true health status of the insured individual, which requires vicinity check and physical visit to confirm his real health status. Our expert investigators aggressively cross- examine his/her current health status and past medical history from the locality people. Certainly, it needs an experienced bunch of professional investigators, which we have to visit in the field for the authenticity check of whosoever has applied for insurance. Subsequently, our team in-person witnesses his livelihood, health condition and financial status, besides asking for authentic residential & identity proofs.
Scope of Work in Video Verification
It is to mitigate the risk via a script with a set of questionnaires. It helps our backend team members to gauge the genuinity & health condition of the customer. We fix an appointment with the customer prior to initiating a video call using a secure telecommunication app.
On-Video Profile Check
This verification is rolled out when an official on risk/ underwriting team is not so sure about the validity of all or partial facts that the candidate has provided. These are the cases wherein physical verification is not possible. Fox I Vision, then, takes this challenge through video verification. We deploy this automated method using a video verification app, which defines how efficiently we are turning future-ready by embracing advanced technologies to go beyond the call of duty. It helps verification executive to host one-on-one with the candidate and do the fact-check about his profile and health condition.
Fox I Vision is an ISO 9001:2015 and ISO 27001:2013 certified the best screening company from India, which has been amplifying its presence since January 2009 passively. The way we were gaining grounds inspired us to formally get registered in 2017. Since then, we are going out of the way, delivering professional screening solutions in the domestic and international market.
Noteworthy Facts...
Vicinity check is the most important part of the in-person profile check, as it’s proven that 90% cases of frauds cracked due to a rigorous vicinity check only
01.
India’s insurance premium in 2018 for Life Insurance was US$73.74 billion and Non-Life Insurance was US$26.10 billion totalling US$99.84 billion.
02.
In FY2017-18 claims repudiated were 0.74, claims rejected were 0.43 of Life Insurance claims
03.
According to a report, Insurance companies lose over US$6.25 billion to frauds which results in higher premiums for genuine consumers.
04.
A media report stated that over 10% of claims in general insurance are fraudulent.
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