Insurance fraud

Guest (Querist) 18 August 2013 This query is : Resolved
My 75 yr grandaunt (widow), in Faridabad, was sold a HDFC Life insurance policy @ an annual premium of Rs 1,50,000 on the understanding that she is the insured person and I (her niece) am the beneficiary.

I discovered this when I recd the half yearly statement and realised the policy is TOTALLY OPPOSITE. I am the insured person and she the beneficiary. I NEVER received the original policy nor did I EVER sign any proposal forms.

I immediately complained and asked the policy be anulled, as my signature was obviously forged.

After 8 months, they now agree to annul the policy subject to me signing an indemnity bond which says I applied for the policy, have not recd it, and am requesting a duplicate. NONE of these facts are TRUE.

Should I sign the indemnity bond that contains untruths ?
Can I instruct them to refund the money to my Aunt ?
Should I pursue the forged signature as a criminal offence?

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