[Resolved]  Kotak Mahindra Insurance Company — bogus free offer of insurance policy

Address:

Dharmapuri, Tamil Nadu

From V.JAYARAMAN
5/1090.B.D.O.VAIRAVANATHAN STREET
SENTHIL NAGAR
COLLECTORATE POST
DHARMAPURI-636705
Mobile: [protected]
TO
Complaints against Life Insurance Companies:
Mr. T Venkateswara Rao, Deputy Director
Insurance Regulatory and Development Authority
Consumer Affairs Department
United India Tower, 9th floor, 3-5-817/818,
Basheerbagh, Hyderabad – 500 029.
E-mail id: [protected]@irda.gov.in
Sir,
Sub: Complaint against Kotak Insurance Company regarding.
I wish to bring to your kind notice that one lady representative of one group telling that they are from Kotak Insurance Company branch of Salem, Tamil nadu ,had telephoned from telephone number[protected] that Kotak Mahindera insurance company is celebrating 25 th annual day and on account of the same they have selected 1000 telephone numbers from Dharmapuri Town (Tamil Nadu) and our telephone number [protected] is one of the lucky numbers to be awarded with a free policy of value Rs.1000000 one lackh and asked me and my wife to come over to one Lakshmi Kalyanamandapam in Dharmapuri.
We have gone there at about 12.30 pm on 13/03/2011 just to see what is going on there.
At the reception they asked us one code number which was told to us by phone from Salem Branch persons. I have revealed the code number and in turn they given us one form to fill up. We filled up the same and after wards they started telling the performance of and the statistical data about Kotak insurance Company.
Further they told that we were one among the ten couples who are selected for the free policy offer and we would be given a special policy called CAPITAL MULPLIER at
Cheaper rate and we should sign the papers on that day it self for an annual premium of Rs.25000/.
They were forcing us to sign the papers on condition that we should pay cash Rs.25000/or c heque the next day.
That was the incident happened on 13/03/2011 at Dharmapuri Lakhmi kalayamandabam.This is a criminal activity and should be taken up with the Kotak insurance company for forcing the innocent public to take their insurance policy under the disguise of free offer camps and trespassing into the house of public through their telephones.
As per insurance laws no insurance company could force any one take their policy against their will.
I request that the concerned Insurance Company should be taken up and punitive measures should be imposed on them
Thanking you
V.JAYARAMAN
21/03/2011