[Resolved]  Aviva Life Insurance / Life Long - With Profits — Surrender value less than 70% of Principal Value

Address:

Thane, Maharashtra

The above policy premiums were paid regularly till before June 2010. In June 2010 I decided to look at the surrender value and was surprised to see the SV only at Rs. 106,000.00. Looking at the loss I was making in this policy I decided against further investing and continuing the policy. I paid a total premium amount of Rs.290,976 and have received a surrender value of only Rs.105,000, a loss of Rs, 185,000.

I do not know how I will loose my principle amount despite the market having grown from the 2002 levels to current levels of 2010. I would request you to take up my case as I have received only an amount of approx Rs. 105,000 as final surrender value on discontinuing the policy in July 2010.

I have definitely been cheated by Aviva Life Insurance Co. Please arrange to address my complaint if possible.

Thank you ,

Abraham Moses
Wimbledon Park,
Bldg. No. 4, Flat No 1102,
Near Cadbury, Pokhran Road no 1,
Thane West, - 400606

Cell No. : [protected]