[Resolved]  ICICI Prudential Life Insurance — Cancel my icici prudential life insurance wealth builder ii policy no. 20297417

I have paid premium for following policy through canara bank net banking on 03/10/2016. The money debited from my account but no intimation came from icici.
Policy no. 00649356

I had gone to ICICI bank Bidhan Nagar branch, Kolkata in early 2015 for opening a fixed deposit. was convinced by an official of ICICI bank to opt for a policy called Wealth Builder II for INR 110000. I had been told that this policy was just like a fixed deposit. However, it involved premiums of INR 100000 to be paid every year. I had mentioned clearly that I would not be able to pay premiums. The official had stated that even if the premiums were not paid, the initial amount paid would function like a FD and interest would be generated. After one year, I was requested to pay premium. When I did not do so, I was notified that the policy had lapsed and I would not get any benefits. I contacted the official and he mentioned that I would get interest in the rate of savings account. I wanted to withdraw the amount but was told that I cannot do no before the term of 5 years ends. Today, I opened the online page of the policy and saw that maturity date is 2025, that is the term is of 10 years and I cannot withdraw the funds before that. Also, the maturity amount is unclear. This is fraud and I want my money back immediately. The policy number is 19132663.

Dubey Ji
You are also cheated like me you cannot do anything tell 10000 abt the fraud activity of icici bank and prudential they are co brothers doing illegal buisseness and daylight robbery on customer. I was also forced into the policy when I went to do a fd. infact this is wealth builder to company and wealth loser to investor. Even if you had paid 5 yrs 5 lakhs your return would be 3-4 lakhs or less good thing is discontinue the payment tell abt this malpractice to 10000 ppl.