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Woman Saws Off Own Hand For $600,000 Insurance Payout

If you write a list of everything you would to do get rich quick, sawing your hand off probably wouldn't make the cut for most people.

But a 21-year-old Slovenian woman is facing up to eight years jail after allegedly cutting off her own hand with a circular saw to pocket 400,000 Euros -- roughly AU$600,000 -- in injury insurance and a life-long monthly payout.

The woman and three family members reportedly signed a number of insurance contracts earlier this year, before allegedly staging the "accident".

The 21-year-old and a 29-year-old relative are accused of using a circular saw to cut off the woman's hand above the wrist at their home in Ljubljana.

She was later rushed to hospital. Officials claim her hand was left behind at the house, making it harder to reattach and ensuring the damage was permanent -- but authorities recovered it just in time to stitch it back on.

Circular saw IMAGE: Getty

The family told doctors the young woman had been sawing branches when she slipped and injured herself -- but her scheme has been called out.

"With one of her accomplices, she intentionally amputated her hand at the wrist with a circular saw, hoping to stage it as an accident," police spokesman Valter Zrinski told a news conference.

She's not the only person to do something drastic for a big pay cheque.

READ MOREMan Filmed 'Pretending To Slip' On Ice Accused Of Insurance Fraud

In November 2018, a man was extradited to the US for allegedly faking his death to collect a $2 million life insurance payout.

His body -- supposedly found in Moldova, Europe, in October 2011 -- was identified by his wife.

IMAGE: Getty

The corpse had a passport, cards and phone that could all be linked back to the man.

That body was subsequently cremated, but the "dead" man was found alive years later.

READ MORE: Woman Kills Herself And Children After Husband Fakes Death

In China, a man faked his own death in a 'car crash' for an insurance payout but failed to inform his family of the plan.

They had all died by the time he owned up to the plan.