Reliance Life Insurance — Wrong information provided by adviser[protected]/[protected] jyothi mishra

Address:	New Delhi, Delhi, 201308
Website:	Realiance Life Insuarance

My wife Mrs. Jyothi Mishra purchased two policies[protected]/[protected] from Reliance Life Insurance. (Money Multiplier Plan)

First, We accept that we have not done deep investigation and market analysis before purchasing these policy.

The reliance executives sold us the policy[protected] to us with many false statements and lured us with high interest in 5 years of terms period.
As per him if we pay 20k yearly EMI till three years, then we will get around 98k on maturity of 5 years.(Description is in the Attachment.)
After two month some other guy called me and told there is one another extension plan for Money Multiplier which will give additional attractive interest in single yearly EMI of 30k.
And he sold us the same Money Multiplier Plan[protected] and also take away the old policy copy.
That was also false statement and after one year we got a shocking news that this is also a maximum three years plan.

After paying continuously three years of the EMI's ((20+30)*3=1.5 Lakh), When our policy was discontinued and Reliance Customer care calling us daily for EMI reminder then we have contact Reliance Life Insurance Office (Alpha-Greater Noida).
When we described them our situation, They had given dishearten and casual statement, that you guys are cheated and this is 10 years installment plan and now you have to pay 7 more EMI's.

In shot, We got cheated by some of the unscrupulous Brokers, whom Reliance have appointed to collect cheques and provide details on their behalf.

Before releasing the policies, Reliance should call to policy holders individually and agreed them with the policy benefits.This should be not done blindly from company for small profit.

Thanks,
Utkarsh