Man jailed for claims on brother's fraudulent life insurance policies

Sentenced to three years imprisonment

John Brazier
clock • 2 min read

A Coventry man has been sentenced to 3 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 COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

Most homeowners want mortgage advisers to discuss redundancy

Most homeowners want mortgage advisers to discuss redundancy

58% expect redundancy risk to increase in the next five years

Jaskeet Briah
clock 05 November 2026 • 2 min read
Protection applicants see rise in disclosure of weight loss treatment: UnderwriteMe

Protection applicants see rise in disclosure of weight loss treatment: UnderwriteMe

Buy-now outcomes "remain strong"

Jaskeet Briah
clock 04 November 2026 • 2 min read
£73.14m paid out in life and CI claims to Reassured customers

£73.14m paid out in life and CI claims to Reassured customers

Most CI claimants used the pay out for living costs

Jaskeet Briah
clock 03 November 2026 • 2 min read