Birla Sun Life — Fraudulently & Conspiring with A B Insurance Brokers sold Policies with misleading Information

Address:

Kolkata, West Bengal

Birla Sun Life through their Brokers A B Insurance Brokers Pvt Ltd. representative Mr. Soumen Das contacted my Wife Mrs. Rina Austin Vaz, and told her that an outstanding amount of Rs. 60000/- of a previous ICICI settled policy can be received if she takes a Birla Sun Life Policy of Rs. 20000/-. He also said once the policy is received within 8 months the 60000/- will be transferred to the Policy & the Policy will be converted into a 1 time premium Policy. after 1 year the 20000/- Plus the 60000/- Plus interest @ 12 % can be withdrawn as the policy is a 1 year term policy. so my wife took Policy No.[protected] dt. 24. 06. 14. after a month he again contacted her telling her that another ICICI settled Policy of hers too has 60000/- payable to her & she needs to take another Policy for 20000/- hence my wife took another Policy No.[protected] dt. 19. 08. 14 on the same terms. During the conversation with my wife he learnt that my wife's Sister's husband is a Farmer & that they own Farm Land near Bongaon. After some months he again came to my house with a Proposal that if we allow them to Install Idea Mobile Tower in our Land we can earn rent of Rs. 80000/- Per Month. All we have to do is to invest Rs. 800000/- in Birla Sun Life only for 1 Year, so my wife again took 2 more Policies Nos.[protected] / 28.11.14 &[protected] / 23. 12. 14 for Rs. 400000/- Each of Birla Sun Life . He assured my wife that after 1 year she will get the Rs. 800000/- back with Interest @ 12 % Plus Rental of Rs. 80000/- Per Month. My wife is a House wife with no income of her own so she borrowed money from Her Mother & Father promising them that she will return the same with 12% Interest after 1 Year. Now these crooks were not satisfied of fleecing my wife of Rs. 840000/-. They again approached my wife in January 2015 saying that the company has come out with an Improvised Plan, Now if you can manage Rs. 10, 00, 000/- more for only 1 year period the rental of Rs. 80000/- Per Month will increase to Rs. 160000/- Per Month & the Invested entire money will be refunded after 1 year with interest @ 12 %. So now my wife again borrowed money from her Brother, Sister, Brother in Law, Cousin & Friends and made the payment, this time the rouge Broker A B Insurance Brokers Pvt. Ltd. gave her 1 Policy of Birla Sun Life No.[protected] / 28.02.15 for Rs. 90000/-, 1 Policy of Future Generali Pearls Guarantee No. 01248198 / 23. 02. 15 for Rs. 500000/- & 1 Policy of Exide Life Insurance No. 03051490 / 31. 03. 15 for Rs. 400000/-. They also sold policy No. 03112659 / 21.05.15 of Exide Life for Rs. 30000/- to My Sister in Law Mrs. Lila Gain & Exide Life Policy No. 03112468 / 20. 05. 15 for Rs. 30000/- to my niece stating that it is a 1 year premium Policy and that interest receivable at the end of the year will be Rs. 30000/- Plus interest @ 12 %.