Man jailed for £600,00 fraudulent life insurance claims

Sentenced to three years imprisonment over life insurance claims

John Brazier
clock • 2 min read

A Coventry man has been sentenced to three years in jail for making a £600,000 claim on fraudulent policies taken out under his deceased brother's name.

Daniel Banete, 30, attempted to claim the payments across four life insurance policies taken out after the death of his brother from Covid-19 in Romania two years ago. Banete plead guilty to eight charges of fraud by false representation and was subsequently sentenced to three years imprisonment at Warwick Crown Court on 6 December. An investigation by the City of London Police's Insurance Fraud Enforcement Department (IFED) found Banete took out four separate life insurance policies under his brother's name between 16 and 21 July 2020, shortly after the death of his brother on 8 July...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Consumer Duty: Two years on – the protection impact

Consumer Duty: Two years on – the protection impact

Impact on the market and next steps

Jaskeet Briah
clock 01 August 2025 • 5 min read
Alcohol, Britain, one night stands and smartwatches… what does Gen Z really think?

Alcohol, Britain, one night stands and smartwatches… what does Gen Z really think?

'Listening to younger people is as refreshing as it is challenging. But ignoring it isn't an option'

Kevin Carr
clock 24 July 2025 • 4 min read
Group life cover excluded from IHT liability

Group life cover excluded from IHT liability

HMRC decision on protection and inheritance tax

Cameron Roberts
clock 23 July 2025 • 2 min read