Aditya Birla Money — I lost 80% of my investment in birla life vision plan

Me and my wife joined their life vision plan by paying 5000 each every month.in three years we paid 1.8 lakhs each. There was a 3 year lock in period and after which we were told that we can exit the plan with accrued bonuses at the rate of 9% per year. So we expected to get around 2.5 lakhs each at exit. However when we approached them they said we will get only about 30% of my paid up premiums without any bonuses. We could not pay 10k each for another 12 years and incur further loses. Hence we decided to exit and and got 55k each from them in place of 2.5 lakhs each

We feel completely cheated by birla life insurance. They say it is a life vision pan, but is a life killer plan. You can never speak to their customer support person as their toll free number has got only automated messages. The branch manager at their jayanagar, bangalore branch was not ready to meet me as he was always busy and i could speak only to their executive to settle the account. I am heart broken that we lost close to 4 lakhs in our two accounts and got 1.1 lakh back after 3 years of putting our had earned money at the rate of 10k every month.

Birla life policy nos:[protected],[protected]
Cleint ids: [protected], [protected]