[Resolved]  Reliance Life Insurance — Insurance Fraud

Address:

Mumbai City, Maharashtra

Reliance Life Insurance is Undoubtedly the biggest fraud and scam company on this planet...Some reliance guy call you and offers you reliance membership card on which you get 30% discount on all reliance products i.e. Electricity bill, reliance fresh, etc. all you need to do is purchase a policy of 50000...post that a complete consortium is run to fool you...Following are the steps1. The policy goes to IRDA for verification2. IRDA person calls you, he has all your details and calls for verification3. Along with verification he starts telling you that with this policy you are eligible for cash back since reliance will be claiming the money from government to adjust his balance sheet, so instead of reliance enjoying the benefit you should be enjoying 4. IRDA then calls the reliance guy and takes you on conference call so everything seems to be real to you5. Two days later IRDA guy calls you and asks you to purchase another policy from reliance since the amount is not matching to get instant cashback6. You start falling for the trap and buy another policy7. After buying another policy from reliance the IRDA tells you that to receive more money as cashback which is governments latest scheme you need to buy Aegon Religares policy8. You buy the policy since all the CHEQUES are Issued in OFFICIAL COMPANY'S NAME, AND YOU ALSO RECEIVE THE OFFICIAL POLICY9. SO YOU DON'T DOUBT THIS AS FRAUD SINCE NO CASH IS DEMANDED NOR ANY PERSONAL NAMES CHEQUE IS DEMANDED10. This cycle continues...and you are just waiting for the 30% discount card and ash back 11. You get the policy but not the card and regarding cash back all you keep getting is false promises Now if reliance says its fraud From IRDA, then please answer following 1. How the hell did they get my exact policy details2. Why haven't they yet issued the 30% discount card3. On what grounds and on whose direction did they issue a second policy?4. All the cheques have been issued in Reliance Life Insurances name and not on any personal name5. No cash has been demanded6. Basically this is a scheme to SCAM customers into new policy, and by the time customer realizes months have already passed, so if he wishes to withdraw his money he has to pay penalties This is a very well organized SCAM and Fraud...Guys everyone please be careful I have been victim and after reading this even if one person benefits and avoids falling for this...my efforts will be fruitful