[Resolved]  Reliance Life Insurance — Fraud Done by Reliance Life Insurance Agent & company

Address:New Delhi, Delhi

Dear All,

Through this forum i want to register my complain against reliance Life insurance agent ( India infoline insurance brokers ltd, Rajiv Mehra, Agent Code[protected] & reliance Life insurance team who has cheated my father, my Father Mr. S C Jain has cheated by reliance agent who has sold five policies "Reliance LIFE insurance money multiplier plan" to my father...at the time of selling this plan he has told my father that he has to give single premium for all policies ( Policies No:[protected], 19822607, 19452867, 19332641,[protected] & taken signature on the policy documents but when father got the policy it was written that he has to give premium regularly for 10 years ( yearly Rs. 230590.00 ) instead of paying single premium besides this promised my father for Settle all the existing policies of my father with 100 percent money back...my father has contacted to reliance agent (Rajiv mehra, MOB no[protected],[protected] he has told that wrong policy has been issued by mistake and he will correct the policy term year...my father has continuously follow up with the agent but he has told that it is in process & will be rectified soon...but when my father has contacted reliance customer care to know the status then no action has taken to policies...then my father has written letter to Reliance life insurance company several times for cancellation of Policy ...then we did not got any reply from company and when we visited the branch they told me that since your freelook period of 15 days has been passed so we are unable to comply with your request...then my father keeps on writing letter to the company ...my father has told that he is not in a position to give yearly RS "230590.00"...after that he did not get any reply from the company after writing many letters...now we have no other option except going to consumer forum or court...since they have cheated my father ...can anybody help my father to get back his money...

Policies No:[protected], 19822607, 19452867, 19332641, 19501024
Policy Holder name:- S.C. Jain
Mobile no:- [protected]
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Aug 14, 2020
Complaint marked as Resolved 
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Dear All,

Through this forum i want to register my complain against reliance Life insurance agent ( India infoline insurance brokers ltd, Rajiv Mehra, Agent Code[protected] & reliance Life insurance team who has
cheated my father, my Father Mr. S C Jain has cheated by reliance agent who has sold five policies "Reliance LIFE insurance money multiplier plan" to my father...at the time of selling this plan he
has told my father that he has to give single premium for all policies ( Policies No:[protected], 19822607, 19452867, 19332641,[protected] & taken signature on the policy documents but when father got the policy it was written that he has to give premium regularly for 10 years ( yearly Rs. 230590.00 ) instead of paying single premium...my father has contacted to reliance agent (Rajiv mehra, MOB no[protected],[protected] he has told that wrong policy has been issued by mistake and he will correct the policy term year...my father has continuously follow up with the agent but he has told that it is in process & will be rectified soon...but when my father has contacted reliance customer care to know the status then no action has taken to policies...then my father has written letter to Reliance life insurance company several times for cancellation of Policy ...then we did not got any reply from company and when we visited the branch they told me that since your freelook period of 15 days has been passed so we are unable to comply with your request...then my father keeps on writing letter to the company ...my father has told that he is not in a position to give yearly RS "230590.00"...after that he did not get any reply from the company after writing many letters...now we have no other option except going to consumer forum or court...since they have cheated my father ...can anybody help my father to get back his money...

Policies No:[protected], 19822607, 19452867, 19332641, 19501024
Policy Holder name:- S.C. Jain
Mobile no:- [protected]
Dear Mr. Jain,

As discussed with you in detail, we regret that we are unable to process your request. We have sent across a written/email response addressing your query. Please write to us for any clarification regarding the same.

Regards,
Reliance Life Insurance Team

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