[Resolved]  Unicon Investment Ltd — Bonus offered not given in almost one year

Address:

Delhi

I Abhishek Dixit bought a ULIP plan of Reliance Life Insurance bearing policy number "ABC"through the advisor o[censored]nicon Investments Ltd on 14th of September, 2008. Later I got a call from Unicon Investment saying that if I buy a policy on top of my existing policy I will get a bonus of Rs 3000/-.As they were my existing advisor, I trusted their team and I bought another ULIP Plan on the name of my wife Harshita Dandotiya of Reliance Life Insurance bearing policy number "XYZ" for an yearly premium of Rs 10000/-on 27th of July,2009. I was promised that I will get the bonus amount of Rs 3000/- within 60 days of the activation of policy. That amount I have not received till now. When contacted to Reliance life they told that there is no such policy of providing any money as bonus nor any amount has been even deposited into my fund. I asked the status from UNICON Side but they simply denied any promise made. There was one more issue the policy that they sold me was not a good one as out of Rs 10000/- it has just invested around Rs 1500/- into funds and rest it has deducted into various charges. I am not able to understand, on what basis they sold me the policy.

Let me summarize, There were two issues:-

1. Bonus amount of Rs 3000/- not yet paid
2. The policy sold to me was not value for money.

When contacted to them they denied everything and put me in a long loop where I just kept asking people my questions but everyone denied anything like that without any proper investigation. That simply indicates unprofessionalism and malice into the intent of the Unicon Investment Ltd.