[Resolved]  Cholamandalam Ms — Cheating Customer

Address:

Mumbai City, Maharashtra

Dear Sir,

I am a victim of a fraud by CholaMandalam MS.

I had a car policy with them which expired on 30th June, 2010.

Around 11th of June,I met their agent.They indicated the premium to be paid which I paid by cheque and was cashed as well.

By 30th of June, there was no sign of the policy.I followed up with the agent and he said there was a delay but not too worry, I would get a cover note

Around 1st July 2010, I got a cover note from the Mumbai office (which is valid for 2 months).

Subsequently, the Mumbai office called up saying that my policy is NOT Approved and has been cancelled.The reason that I had 3 claims the previous year.

Is this legal?Can an insurance co cash my premium, issue a cover note and then say that the policy is "rejected"?

Please indicate how can I take legal redress in this matter.

Regards,
Nitin