[Resolved]  Reliance Life Insurance — Agent cheated me regarding a Reliance Life Policy

Respected Sir, I am Roy Zacharia from Madhya Pradesh I am working in a Private Company. My salary is very less and its very hard to fulfill the basic needs of my family. In my town Reliance Life Insurance organized a Program. They told that if couples come to the program and see their new insurance policies. I and my wife gone to the Program and there they introduce the programe Reliance Traditional Super InvestAssure Plan. They told me that we have to deposit three premiums only for three years then we dont have to pay anything. I agreed for the plan and i told that i will pay the money later but the agents came to my home and collected first premium of 15000 and gone. Later when i not got the document i gone to the Reliance office and the office staff told that they dont know about my policy as that program was organized by Indore Group, so they cant help me. Later i got the policy document and came to know that i have joined a policy which is only beneficial to the agent and i gone to the Reliance Life office and inquired about the policy and asked them to cancel it but they told that if i cancel it i will get only 20% of the deposited money because 80% money is allocation fee. I went to the agent, she told me that this policy is very good and her parents also had the same policy and told me that just pay the three premium and then i can get back the money in fourth year. I paid three premiums and then i gone to withdraw but again they told that i have to pay five premium so i paid fourth premium and now this october i have to pay fifth premium. Please help me to get back my money which i have deposited in Reliance Life. My Policy Details are :- Name of Policy Holder - Roy Zacharia Client ID of Policy Holder[protected] Client ID of Life Assured[protected] Policy No[protected] Date of Commencement of Policy - 25th October 2010 Premium Paying Term - 20 Years Policy Term - 20 Years Policy Maturity Date - 25 October 2030 Please Please help me to get my money back Thanks Roy Zacharia
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Aug 14, 2020
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