BEWARE OF ICICI POLICIES
It happened to me that believing the word of the agent of ICICI, I took three policies and paid the installments religiously on due dates for seven years. In total I paid about Rs. 31 lakhs. Since I am 75 now and wanted to close the policies and asked ICICI to pay me back the money I paid, I was shocked to be informed that it is not possible for me to close the policies and I have to wait till the maturity of the polices which are in the years 2028 and 2033 !!! If I want to still close the policy as in one case, for a total payment of Rs. 14 lakhs, I will be paid only Rs. 8.5 lakhs !!!. (A cool Rs. 5.5 laks steal from me). ICICI also suggested that in case I need the funds immediately, I can apply for a loan against my payment and in this case I will be paid 80% of my payment and I will be charged an interest. What a situation. A loan which is paid out of my investment with ICICI, they are magnanimous to offer my own money and that to at a price !!! I am being a senior citizen, I invested in this investment for my survival at my old age, my hard earned money is being stolen in broad day light in front of me, by these so called corporate companies. At my age how many people can fight these heartless corporate s in a court of law with our pathetic judicial system!!!. Where is justice in this country? While the government in day in day out promise to take care of the elderly people who have served for so may years for the welfare of our country, we are actually left in the lurch to fend for ourselves. Does not the government consider these insurance policies are one sided and loaded in favour of the corporate? Do not any agency in the government check these kind of day robberies and see that these contracts are fairly framed?
Is there any circle member experienced such harassment with such insurance companies? Can our circle take up with proper authorities to have a level playing field? more
Over and above being on tour - Paid / Deposited CASH in ICICI Branch.
Surprisingly, after couple of days the VERY cheque also was encashed even after request.
Hight is - The Complaint lodged NEVER EVER got any response NOR did Payments/Money - TWICELY - made.
All BANK BABUS well enjoyed at th cost of Customers.
Rs. 3200 Crors fraud at highest level is already under way of Charge sheet. However the very frauduster NOW claiming RETAIRMENT BENIFITS in the Court of Law, convineantly furgatting INJUSTICE made to thousands of Customers, while holding the Pawer. more
Read it thoroughly whether all informations are .arching with what has been told to you. If not satisfied, one can return the policy within 15 days of reciept to the office and ask for the acknowledgement immediately. Don't trust anyone.
All the premium paid will be returned, but for minimum charges.
When you take insurance, be clear what for you are taking. It can be for financial risk coverage or for Investment !!!???
PL understand, the insurance is for risk coverage. If you are on the highest tax bracket, and satisfied with @ 5+. % face free income one can go for.
Many presume that intermediaries are 100% correct. The fact is that most agents / advisors including the company officials. Too glad to clear your doubts. 9443309840 more
Incidentally, have you paid premium on the policy purchased from ICICI? And, at what rate? more