About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, July 16th, 5:39PM
rss
Latest Headlines

Asteron starts review after fraud

Asteron Life has reviewed its processes and introduced new controls after being hit by a fraudulent life insurance claim.

Sunday, September 3rd 2017, 6:00AM 2 Comments

Rotorua woman Mary-Rose Ponce Caldero faked her death in 2015 and posed as someone else to claim $800,000 from the insurer, with whom she had a policy in her maiden name.

The next year, she took out another policy with Pinnacle Life, again with her maiden name, for $1 million.

Her mother was listed as the beneficiary. She tried to claim the next month, saying she had died of a heart attack.

Also in 2016, she took another policy for AA Life in another name and tried again to claim. The second two claims were flagged as fraudulent and policy began to investigate.

She was sentenced in April to three years and two months in prison.

A spokeswoman for Asteron Life said it had a robust claims investigations process in place.

"However, in this case a highly unusual set of circumstances resulted in the claim being paid. We have since reviewed our process and introduced some further controls to protect our customers, our people and our business from the negative impact of insurance fraud."

Tags: Asteron

« AIA expands cancer benefit reachSovereign launches ACC add-on »

Special Offers

Comments from our readers

On 4 September 2017 at 7:44 am Broker said:
Did she have to pay the $800K back?
On 4 September 2017 at 10:11 am Sammy said:
I hope they are 'robust': I once worked for a company whose Life Insurance arm (now happily defunct) thought it a great idea to send out a 'Happy Birthday' greeting to its members. Unfortunately, no check was made that the member was actually alive, much to the distress of the relatives.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

nib expands First Choice network
nib has announced an expansion of its First Choice network, which the health insurer says has delivered more than $1 million in claims savings in the first year of operation.

Fidelity Life team up for award
Fidelity Life chief technology Officer Dan Wilkinson and his team have been named as a finalist in the Best ICT Team Culture category at the 2019 New Zealand CIO Awards.

Cigna to support kids' mental health
Cigna New Zealand and Life Education have partnered to develop Small Changes Whānau Challenge, a new take-home resource that will support classroom learning about kids’ mental health and wellbeing.

AIA and Sovereign close online product
Sovereign's guaranteed acceptance insurance product Simple Life is being closed to new business.  

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com