Duped into buying insurance policies
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A total of 165 people in Lop Buri's Pattana Nikhom district were duped by an agent of SCB Life Assurance into buying life insurance policies for which they sought loans from the Bank for Agriculture and Agricultural Cooperatives (BAAC), Lop Buri Office of
SCB Life Assurance was checking information to return the cheques to the villagers who were misinformed about the policies and no longer wished to hold the policies, Somkiat said.
He said the company executives admitted that the agent, instead of telling the assured that they had to pay for 20 years had wrongly informed them that they had to pay for only 3-5 years after which they would get their money back plus 2 per cent interest. They also sent 10 SCB officials to try to complete the cases by December 28, he said, adding his office was also gathering evidence to revoke the agent’s licence if the agent duped people as accused.
