Poor and inefficient services rendered by SBI Life Online E-Shield Insurance.

I had applied on line SBI E-Shield life Insurance for my wife. But SBIlife insurance has refused to accept to issue policy while my amount of Rs. 5332.00 yearly premium was paid by using my Bank of India Credit Card. Till not now neither the policy got accepted nor the amount got credited. Still remains doubt!!!!!!!!!!!. They want this amount to be paid only by SBI Credit Card or Debit Card not from other Credit Cards.
This is illegal as per IRDA circulations.

Pl do not believe such on line services/promotions. more  

View all 9 comments Below 9 comments
Best solution is -
1. Ask your problem through online/offline(postal) way with a 15/30 days dead line. Keep proof for communication.
2. whether the company comes under RTI, if us - use this tool.
3. Can go to Ombudsmen for complaint.
4. not satisfy by omb. then can opt for court. more  
Please send an email or call IRDA toll free number 155255. more  
Mr Udaya Kumar:
There is a clause called "Insurable interest" that is the payer can be husband/ wife or parents and children.Third party cannot pay the insurance.
The issue you faced may be not with respect to which bank credit card, whether it was in your wifes name. Probably the computer program may be written such that to accept by the instrument only in the name of the policyholder.
May be the insurance company shall to add the facility of paying from the the payer who has insurable interest
Let IRDA and all the insurance co to make a note of it more  
I was contacted by Star insurance for porting my health policy from HDFC Aegro and I did accept their offer and paid my premium of Rs 17000 plus. I was a continuous subscriber with hdfc for more than 5 years continuously. Star sent me a 1 page policy document in which they have not waived 2 years exclusion clause. I sent them email tò this effect but they hv not done any thing. since I had continuous insurance cover there should not be any exclusion applicable to me. dont know what to do. shall apply to grievance cell of IRDI or some other grievance cell. if anybody can advise me I shall b thankful. more  
probably, SBI wants transaction from yoour wife'sname and her account or her credit/debit card. more  
Post a Comment

Related Posts

    • Electronic Appliances now 10-15% more expensive due coronavirus

      Customers rushing to purchase air conditioners or refrigerators ahead of the onset of summer may be in for a disappointment. Either their favourite product may be out of stock or priced 10-15 perce...

      By Sarita S
      /
    • Pharma Circle needed

      Read this everyone. Pharma companies and traders are playing with our lives. 10 kids dead because of a bad cough syrup. Where are the regulators. Most drug inspectors filling their pockets. ...

      By Reeta Kumar
      /
    • Is FastTag really helpful or the only business of issuer banks/ agency?

      FastTag is now a days mandatory on NHAI Toll road. It is good but there is no real benefit by travelers. As FasTag issuer are taking deposit of about Rs 200 against tag issued by them which will b...

      By Anonymous Circle member
      /
    • OTP Frauds - learn all about it

      One Time Password (OTP) thefts are most common social engineering frauds and the most common form of Phishing frauds in India. People from both urban/rural areas are prone to this type of frauds. L...

      By Anu Kaur
      /
    • Coronavirus Impact

      Circle Members your survey is in papers today. Insightful but my query is 41% of us are cautious about summer travel. That will crash the economy. Also concerning that paracetamol prices...

      By Shikha Chhabra
      /
    • Met fraud online company ,

      I booked some flowers chocolate n greeting card on FLABERRY (Online flower booking site) for my husband on 3 Feb and mentioned delivery date 14 Feb , before booking I confirmed the delivery area. I...

      By Garima Yadav
      /
    • Whatsapp is reading pictures we send

      This morning I sent a picture of chocolate to my sister wishing her valentines day. 10 minutes later I was accessing a content download site. I saw another chocolate variant ad (attached) pushed to...

      By Sandhya Agarwal
      /
    • ecommerce discounts seem to be going away

      it seems that ecommerce has stated to take a hit in India atleast phone sales. iphone xr is now cheaper in India at stores after the 10% additional discount many stores offer. The discount is not a...

      By Manju Patel
      /
    • Online sellers paying for reviews

      The online sellers now lure consumers to give them 5 star and offer money for it. See attached that come out from a box. Consumer laws should discourage such practices. Kindly look into ...

      By Kajal Singh
      /
    • WhatsApp being allowed launching payments in India.

      I saw news that WhatsApp Pay will start payments for everyone. How? Were they not caught in Pegasus Scam. From what I know and understand WhatsApp data more important the chats were stolen. If they...

      By Siddhartha Roy
      /
    • Vulgarity in Advertising at Auto Expo

      Please see attached how women are used as show girls at auto expo. They get many more stares than the cars. Can the Govt lay some norms for advertising in shows/exhibitions. Same thing apply for th...

      By Sneha Goyal
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)