Submitted by: Sunil Kulthe
One day My investment advisor Mrs Shradha kawade ( contact no-
and her representative Mr.Bhusan jadhav came to my Residence and convinced to me to buy this policy on the basis of 10 % assured returns after 6 Years if invested Rs.54500/- annually paid only for 4 years. I have believed and take policy.
Hence agreed to apply for the policy and provided him my details and documents required to get the form filled as guided by agent-Mr.Bhushan I signed the application form duly.He confirmed he will fill up the other details by himself.
On providing him the axis bank Cheque for Rs.54355/- in favors of Reliance life insurance company Ltd .He is saying we will receive the policy documents in 7-8-working days. Actually documents were received after 25 days.
According to policy terms I was paid regularly premium amount Rs
every year as per committed by finance advisor I was not taken any doubt on returned benefits company also not giving information of accumulated bonus amount .In the policy document page no 19 it is clearly mentioned that 6% to 10 % returned amount will be given to customer but after maturity date maturity benefits get only Rs 35 instead of Rs so that I have direct loss of Rs 41
(LESS MATURITY BENEFITS PAID BY COMPANY )
Here is the Summary of Policy –
RELIANCE LIFE INSURANCE COMPANY LTD
POLICY NAME /PLAN reliance child plan
POLICY HOLDER SUNIL RAJARAM KULTHE
SUM ASSURED BASIC PLAN
PURE TERM RIDER 0
ACC RIDER +PERMANANT DISABILIY
ACCIDENT CLAIM WITHIN 30 DAYS
START DATE 9/30/2010
END DATE 9/30/2016
PAYMENT MODE YEARLY
NOMINEE VRUSHALI KULTHE
Reliance complaint number : SR Number – 1610138201″ dated 24 oct 2016
My contact number is
premium paid details
Date Amount money back
9/18/2011 9/30/2012 9/30/2013 9/30/2014 9/30/2015 9/30/2016 Total Difference
Maturity benefits paid 35 250
LOSS Not paid by company 41 750
I call Reliance Customer Care and requested them to give maturity benefits as per Policy but the company denied and no attention given on the complaint made
I had asked in between maturity period about my bonus amount but reliance denied to tell accumulated bonus amount .If on that time I knew my bonus amount is not much then I will stop to pay in coming premiums to company and saved from this loss .
They told them you have survival benefits of 2.5 lac on sacrifice of Rs
Only 2.5 lac ka life cover lene ke liye mai kyu Rs
Barbad karunga? Uske bajay mai non refundable RS 8000 paid kar ke 80 lake ka life cover preferred karta.
Reliance life insurance is giving me wrong policy and premium details
I told them what amount u and maturity amount is all different Reliance people is making fool to customer they are sealing that Reliance money back plan nobody is taken because there no profits in this plan that’s why they are not telling about truth.
I am very much frosted I had lost my
rupees Reliance is very big company nobody is going against them can u please help me I am cheated very much sir I am very very disappointed & agreed for above all also not trusted to any product of reliance .I want my full amount back from Reliance Life Insurance. That’s all I don’t want anything else from.
If you are still have integrated with company reputation & as well as customer which trusted on your company then please look into this matter seriously because someone your adviser spoil the name of Reliance company. Due to such things so many customer like me is suffered mentally financially as well as physically.
My family is Middle class So please look at my problem and save me. They have cheated me and denying returning back the hard-earned money.
Pls help me to get back my money from Reliance Life Insurance company limited.
Communication with RELIANCE NIPPON COMPANY website login
Compony ne muze dhoka diya hai policy lene ke time pe aapko maturity amount paid premium amount se Rs
kam melega to mai kabhi bhi policy nahi leta.
Compony our mere financial advisor ne muze totally fasaya hai.Mere garib ka total Rs103000/- ka loss ho gaya.Mai agar per year Rs
Jo ki mera is policy ka premium tha o amount bank me FD karto to compound interest se after six years 2 lac + amount miltha tha .
Reply from Reliance Nippon life insurance company.
Thanks and regards