New Delhi, Aug. 30 -- The comfort and convenience of investing and managing life insurance online come with immense responsibilities. Clearly knowing what is genuine and what is a trap. This is because a lack of a proper understanding of the fundamentals can lead to serious financial crimes and setbacks.

As technological improvements enable insurers and associated stakeholders to continue embracing digital platforms, fraudsters are also finding new ways to exploit urgency and a lack of knowledge.

From fake policy offers and phishing links to fraudulent payments and impersonation in phone calls, fraudsters use a range of tactics to cheat innocent victims of their hard-earned funds under the guise of easy insurance policies on digital pla...