Shriram Life Insurance Company Complaints & Reviews

Before we buy the policies, the below mentioned officers of shriram life insurance company (Gudivada branch) came to our house and requested my father to buy policy.

1) mr. Ravindranath, regional manager.
2) mr. G. Ramalingeswara rao, branch manager (Eluru).
3) mr. Sreenivas.

As my father was already having 4 policies with lic company, he refused to avail the same. Thereafter, they came to our house...

Dear all we have take insurance policy from shri ram life insurance in year of 2014. Policy no:np[protected] and we have pay 5722 amount and that time i am not continue with this policy and i want refund my amount. We have calls many times in shri ram customer care but every person given different different statement. Kindly help me and resolve my problem. As soon as possible.

Name :vipan kumar
Mob:[protected], [protected]

Policy taken and returned back with in a week for repayment of my first premium paid amount rs.50000/- since i am not happy with their terms and condition and maturity returns amount.
January 4th 2019 i sent back the policy instead of repaying my amount they unnecessarily avoiding payment and re sending the same policy to my address with back dated covering letter.

Please suggest what action we can take to get back the amount with interest.

My father had a policy in shriram life insurance company..and he is no more..
on that policy document the nominee name is mentioned totally wrongly by a agent.
we asked him to correct as we see first look on that document when my father was alive ..but agent denied to do so.
and now we are facing lots of problems in claiming that insurance.
so advice us . what to do after your investigation.

My father was investing money in shriram life insurance company at[protected] without his clear knowledge, village peoples doesn’t know English very well, but the bond was written by English and agent asking signature at particular areas only, one of agent advised to deposit money in shriram life insurance company in village peoples at end of 2007 and told them after 3 years this return money will be minimum double times of investment, those peoples was trust him and invested, but now[protected] all those peoples had problems, they are all lost money, when we asking about money to agent, the money now below the half of original investment, and agent says due to stock market. How to short out this crisis…? Please help all those peoples in village and get return money with good profit. Many thanks.

To, DATE : 10.03.2011

M/s. SHRIRAM LIFE INSURANCE COMPANY LIMITED, FAX :[protected]
HYDERABAD

SUB : DIRTY APPROACH OF YOUR BRANCH MANAGER MR. SHIVKUMAR – BANGALORE. HIS MOBILE NO. [protected] & MR.SHARANU BASAPPA – MOB [protected]

I have deposited THE AMOUNT OF Rs. 50,000.00 on SHRIRAM LIFE INSURANCE CO. LTD., JAYNAGAR, BANGALORE ON 14.02.2011.

THE RECEIPT IS HANDEDOVER TO ME TODAY AFTER REGULAR FOLLOWUP FOR THE PAST 15 DAYS AND THE RECEIPT IS HAVING SERIAL NUMBER 0020049 DATED 14.02.2011, PROPOSAL NO.[protected] AND RECEIPT NO. [protected].

WHILE AT THE TIME OF TAKING THE POLICY, I HAVE BEEN INFORMED BY MR. SHIV KUMAR THAT THE BOND AND THE RECEIPT WILL BE HANDED OVER TO ME WITHIN SEVEN WORKING DAYS.

WITH DEEP REGRET I WISH TO INFORM YOU THAT, WITH LOT OF PURSUATION, TODAY, PAYMENT RECEIPT HAS BEEN HANDED OVER TO ME AND THE FATE OF BOND IS NOT KNOWN. HOWEVER, ON ENQUIRY, HE IS ASSURING ME GET THE POLICY/BOND WITHIN A COUPLE OF DAYS.

IT MAY ALSO PLEASE BE NOTED THAT, THE INVENSTMENTS WERE MADE FOR AVAILING BENEFIT UNDER INCOME TAX ACT.

DELAY IN HANDING OVER THE DOCUMENTS HAS PUT ME IN LOT OF HARDSHIP WITH THE MANAGEMENT TO HOLD THE DEDUCTION OF AMOUNT FROM MY SALARY. THE ATTITUDE OF YOUR BRANCH STAFF IS NOT AT ALL APPRECIABLE. HE NEVER ATTEND MY PHONE CALL AND WHEN HE NOTICE MY NUMBER APPEARING ON HIS MOBILE, HE SWITCH OFF THE MOBILE. I HAVE LOST MY PATIENCE AND CAN NOT SUSTAIN ANY MORE HUMILATION.

IT MAY PLEASE BE NOTED THAT, IF I DO NOT RECEIVE THE POLICY/BOND WITHIN TWO WORKING DAYS, I WILL BE FORCED TO TAKE THE LEGAL OPINION AND ALSO REPORT THIS MATTER TO THE POLICE AUTHORITIES FOR JUSTICE AND ALSO TO THE NEWSPAPER FOR SUCH TYPE OF BEHAVIOUR FROM YOUR ORGANISATION.

I TRUST, I WILL NOT BE GIVEN ANY SUCH OPPORUNITIES FOR DEVELOPMENT O[censored]NPLEASENT SITUATION .

POLICY NUMBER IS NOT MENTIONED IN THE PAYMENT RECEIPT AND I AM UNABLE TO LODGE COMPLAINT THROUGH E.MAIL. FURTHER THE POLICY IS HAVING AGENCY CODE, WHEREAS, I PERSONALLY WENT TO YOUR BRANCH FOR GETTING THE POLICY. I AM NOT AWARE OF ANY AGENT.

(R.RAJAGOPALCHARI)
SUFFERER