[Resolved] SBI Life Insurance — Provide Misleading Information to book a policy

UshaGoyal

from Delhi, Delhi

Address:

South Delhi, Delhi

Hi,

In the month of September 2011, I received some frequent calls from a company called 'NETAMBIT INSURANCE BROKING IN' to invest in a insurance policy of 'SBI LIFE’, after lots of conversation I agreed to take a policy called "SBI Life- Shubh Nivesh". They said about the "Endowment Maturity Date" But the booked my Policy for "Endowment Assurance with Whole life maturity Date"

Actually the premium payment term of this policy is 5 years only and You will get 2 lakh after 5 years. And After 7 years you will get 1.2 lakh more money as adjustment plan. So i thought of its the best to take. Once my documents are submitted then onwards no one responded to my calls, finally i got Policy documents in which SBI Life mentioned Endowment Assurance with Whole life maturity Date. I will not get anything after 7 years.

Thanks and Regards,
Usha Rani

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Aug 13, 2020

Complaint marked as Resolved

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Comments

jayadeva kadagi

from Hubli, Karnataka

SBI Life — non receipt of surrender value

i have sbi life insurance horizon-II policy with No [protected] and submitted for surrender. Till date i could not get the surrender money. kindly do the needful.