[Resolved]  Tata AIG Life Insurance Company Ltd. — Complaint about Wrong Information & Duplicate signatures on application form

Address:

Mumbai Suburban, Maharashtra

To
The Manager
Tata AIG Life Insurance Company Ltd.
Mumbai

Sub : Complaint about Wrong Information & Duplicate signatures on application form

Dear Sir/Madam,
I have taken Your Tata AIG Life Subh Life policy from Your Agent : Bajaj Capital insurance Broking Ltd.[protected] and My Policy No. is C02083328 policy date : 18/08/2011.

In the month of August I received a call from one Mr. Yash Vardhan –mob:[protected] landline :[protected] regarding your Shubh Life policy. Details Given by him were as follows:

1) I have to pay Rs.30,000 p.a. for first Five years, though the policy would be for the period of 10 years. I was entitled to either get Rs.2000 P.M. as a pension amt. after six months from the policy registration for next 10 years or withdraw maximum amount of Rs.2,30,000-2,40,000.in the 6th year.

2) Life insurance for 99 Years -in case of Natural death-Rs. 3,00,000 & Rs.6,00,000 in case of Accidental death to Nominee.

3) Rs.1,50,000 Mediclaim for each Year Upto 5 Years. Without hospitalization also we could able to get expenses of our medicals every year.

How ever I was shocked when I received the actual policy documents as the following anomalies were observed.

1) Signatures on the application Form are not mine and appears to be fraudulently made by some other person. The information filled in is also not correct. Though I had indicated nominees name the document says nil.

2) There is no proper mention of the amount eligible to me after the period of 10 years.

3) No accidental coverage mentioned.

4) Nothing mentioned about mediclaim.

As a senior Citizen & policy Holder I request you to look into the matter and take strict action against this Bajaj Capital Insurance Broking Ltd. & Its Executive Mr. Yashvardhan, who is very arrogant. When we asked him about this matter he darely said go and complaint to anyone any where.


Please, Let me know the exact policy features. Give me the reason for duplicate signatures on application form . If the benefits are not as per mentioned points than cancel the policy and return my amount back. You can’t cheat a senior citizen like this. I request you to take strict action against your Authorised Agent & that executive.

Do the needful.
Thanking You,
Regards
Harichandra Sakharam Chavan
Flt R379 Old MHB Colony
38, Dahanukar Wadi Ekta Nagar,
Kandivali, Mumbai-400067
Mob: [protected]