Insurance Planners Busted for Scamming 900 Million Won via Intentional Self-Harm

A ring of insurance planners has been arrested by police for illegally collecting around 900 million won in insurance payouts through intentional self-harm.

The Jeonnam Provincial Police Agency announced on the 3rd that it has detained three individuals, including a person surnamed A, under charges of violating the Special Act on the Prevention of Insurance Fraud, and is investigating two others without detention on the same charges.

They are accused of intentionally inflicting injuries on their own bodies about 40 times over a period of roughly five years, from January 3, 2021, to January 15 of this year, and collecting approximately 900 million won in insurance payouts from eight insurance companies.

Investigations revealed that A, who worked as an insurance planner, exploited their knowledge of how to claim and receive insurance payouts to plot the crimes with four acquaintances.

When the accomplices engaged in self-harm, A filed insurance claims on their behalf, and they split the received funds among themselves.

After securing circumstances related to the insurance fraud, the police continued their investigation and recently detained three main suspects, including A, and plan to forward them to the Prosecutors' Office soon.
※ Please note: This article was translated by AI and may contain errors.