[Resolved]  Reliance Life Insurance Co Ltd — less payment of refund amount

Address:Jabalpur, Madhya Pradesh

Dear Sir,

I retired from defence Services on 31/1/2010 after rendering 39 yrs. of service. After retirement so many companies try to trap the customers. I took faith only on reliance life insurance co. I wanted to invest on some fixed plans. I gave Rs. 2 lakh to the agent and asked to invest the same Rs. 1 lac on my name and Rs. 1 lac on my wife's name and made the payment vide cheque No. 039826 dt-16/3/2010 on PNB valued Rs.2 lac as above by one cheque only. But subsequently when I received the receipts for the above cheque I came to know that the investment is being made on regular bases for ten years on some 10 yrs. golden plan. You may kindly imagine that how it is possible for retired person to invest Rs.2 lac every year for such plan for long period of 10 yrs. So immediately I returned the reciept no. [protected] dt 17/3/2010 ( on my wife's name Smt. Kanta Kauahal for Rs. 1 lac) and receipt No.[protected] Dt- 17/3/2010 ( on my name K.S.Kaushal) alongwith my application dt21/10/2010 which was received in the office of Manager Reliance life insurance co ltd. 46 Napier Town, Jabalpur on 22/3/2010.
I requested to refund my entire amount and not to issue me the such type of policies.

After long chasing I am surprised to receive the refund of amount as below:-

(a) Amount deposited on my wife's name Rs.100000.00
Refund received on 17/6/2010 Rs 97527.80 i.e. after 3 months
less amount paid Rs. 2472.20

(b) Amount deposited on my name Rs. 100000.00
Refund received on 17/6/2010 Rs. 97865.63
less amount paid Rs. 2134 .37

Total loss suffered without any Rs. 4606.57
fault on our part.

There's no reason to deduct any amount as i cancelled my ploicies before they were being issued to me.

therefore request your honor to kindly look into the above and do the needful to make the payment of amount deducted as above and the amount over due for the interest of 3 months delayed payment.
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Aug 13, 2020
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