A 71-year-old man from Thane district has allegedly been cheated of Rs 72.67 lakh after being lured with good returns on his insurance policy, police said on Wednesday, reported news agency PTI.

The man from Thane district, resident of Khoni village in Dombivli area, received a call from a woman on February 19 informing him about the benefits and other details of the insurance policy which he had already taken, reported PTI.