[Resolved]  Birla Sunlife Insurance — Selling of insurance products by cheating / luring for loans

Address:

Vadodara, Gujarat

Myself Kishor R Sharnagat had forcefully purchased two life insurance policy, plan Birla Vision from Birla Sun Life Insurance company. My policy nos. are[protected] dated 17/06/2013 another in my wife’s name Sangeeta Kishor Sharnagat, policy no.[protected] dated 10/08/2013 . I am based at Vadodara Gujarat. This policy was suggested by your advisors Mr. Saurabh Sharma ([protected] ), Ravi Yadav([protected] ), Ms. Kanika ([protected]), Ms Puja Thakur. Your advisors called me on behalf of Aditya Birla Group. They first offered me personal loan of Rs 25 lacks. Against the personal loan of Rs 25 lacks they forced me to get life insurance policy for sum assured of Rs25 lacks. They cheated me saying that the same policy will be assigned in the name of aditya birla group and loan with 0% interest will be granted immediately after issuance of policy and completion of certain formalities from Mumbai head office within 45 days. They sent to me a person Mr. Nayan from Birla sun life Baroda branch for collection of application form & cheque. They assured that once the policy is assigned in the name of Aditya Birla group, then I will not be entitled for any future benefits in the policy. Later another broker name Shreedhar Insurance Brokers Pvt Ltd. ( [protected] ) called me for verification of details. They asked the details exactly opposite what your advisors told me. Your advisors smartly guided me what to tell to the verification calls & do not disclose that we had offered the loan against this policy. This way they have completed the procedure. They keep on calling me number of times till the free look period is over. The brokers and the advisors are met together and formed the conspiracy. After some days, Ms Kanika told that there is small query in the process and for resolving the same I need to show transaction of Rs 50, 000 in the Birla sun life account. For that she offered me to get another policy with premium of Rs 50, 000. She assured that the same policy will be cancelled and amount will be refunded back alongwith the personal loan. After some days she has gone on long leave. Then Ms Puja Thakur came in picture and she sent two forms detailing that I am satisfied with the terms and conditions of the policies. They forcefully got filled and signed forms for both the policies by me. Lateron they stopped picking my phones. Even Mr. Saurabh Sharma, Mr. Ravi Yadav, Ms Kanika & Ms Puja Thakur never responded to my calls. Till date I have not got any loan or refund money for my policy as assured by them. I am filing complaint against all these cheaters as well as Birla Sun life Insurance and Shredhar Brokers. Birla Sun life should be responsible and should take action against such advisors and brokers who are cheating the innocent & needy people. Their hard earned money they got invested in the policies by luring the customers offering loans, gifts, bribes etc. I am interested to know who got the commission towards these policies? Strict action should be taken against these advisors and parent company. Anticipating prompt action against the cheaters. Best Regards, Kishor Sharnagat [protected]