I've been getting persistent calls from a group claiming to be employees of a prominent insurance company. They claimed that i had an old policy with the company that has expired and that the accumulated funds were due to me. They demanded that i whatsapp them my credentials and bank account details. It alarmed me when checking my records, I found that I'd never purchased such a policy. When they called next, I demanded to know more about the company, with which I had dealt in a professional capacity in the past. This alerted them to being discoverer and they stopped calling or receiving my calls.
In India, law warrants such fraudulent calls/ literature to be reported to Cert-In, though the success rate of discovery remain abysmal.
Agree, this is a very common scam. Get regular scam calls claiming I have a expired policy.