[Resolved]  ICICI Prudential — FRAUDULENT SCAM

FRAUD BY ICICI PRUDENTIAL — ICICI PRUDENTIAL FRAUDULENT SCAMS

UNFAIR TRADE PRACTICES PLAYED BY MAJOR INSURANCE COMPANY, ICICI PRUDENTIAL

ICICI Prudential cheats the people systematically and robs the money from innocent customers through their clever and cunning methods. Public should be warned not to make investment or take any such policy from this company.

ICICI Prudential is running professional fraudulent scams cheating innocent people, robbing their money by their planned, cunning and heinous activities. They lure people by attractive offers that too approached by your own relatives and friends so called Advisors who are out-sourced by ICICI Prudential. These advisors themselves do not know the details of such investment policies. They do the canvassing just to get their salary or commission which ICICI Prudential pay them for this FRAUD

You will be made to believe falsely that this is purely an investment scheme and you will be guaranteed for the money you invest would be doubled within five years by the Advisors and the local area Managers. Advisor would himself guarantee the amount getting doubled within five years and he would even call the local area Manager who is well trained to be a part of this fraudulent scam and to cheat the client by confirming him the same as Advisor said The details & facts of the actual policy will not be shown to you till it becomes late for you to get the refund. The policy is written in such a professional cunning manner that you would not get any single rupee from the money you invested. The entire money would be lost.

You will be attracted by such false guarantees by the area managers and the advisors that your money would be doubled at the end of 5 years if you pay lump sum amount for three consecutive years (For example Rs 2 lakhs in 2007+ Rs 2 Lakhs in 2008 + Rs 2 Lakhs in 2009). You would be made to believe that this is totally an INVESTMENT DEPOSIT SCHEME similar to any bank fixed deposit or like INDIRA VIKAS PATHRA and ICICI Prudential is marketing this under the cover of some false name including free insurance policy etc. etc. You will be made to believe that ICICI Prudential guarantees 100% the money doubling in 5 years

When you pay the first installment of such a huge amount that is it. You will lose that money completely. 25% of that money would be deducted from your amount as premium allocation charges, then they deduct as per their will, mortality charges, policy administration charges, service charges etc. Then the balance amount they would invest in some useless untold sinking funds all at the client’s risk. Then by the time you realize this, it would be too late to recover the money.

All your money would be totally taken up by ICICI Prudential

Advisors or the Local Area Manager would never tell the facts that 25% of the money you invest at the first instance would be taken as some PREMIUM ALLOCATION CHARGES. If you pay Rs 10 lakhs, they would take straightaway Rs 2.5 lakhs as such charges. They also would not tell the fact that the balance amount would be invested in some fancy funds - market funds they call - totally at client's risk Giving nice fancy names like MULITIPLIER, RICH, OPTIMISER, LIFESTAGE etc. just to attract you. You would never come to know of these until very late when you realize that you are trapped by these people. Then you will find these such different fund names and you would never know what these funds are and which companies they invest. All BOGUS Not only that, they deduct again SERVICE CHARGES, MORTALITY CHARGES, POLICY ADMINISTRATION CHARGES etc. from the balance amount and further reduce your available amount to the least possible amount

These cunning people make the clients to cancel this policy once they realize that this is a FRAUD. By the time it would become too late. There are professional cunning people in ICICI Prudential trained for answering the clients’ queries and e-mails. They are all MANAGERS called Customer Relations managers and some are PROCESS LEADERS. They switch over time to time and change by shift in answering and replying the clients to fool them. They have their standard replies to the customers - well planned and systematically executed by the company. Some well trained crooked & professional people are there who will act as though they are investigating the matter for the first time and later they reply with the standard replies very cunningly all well preplanned - Some of those people are Ritu Mehra, Prince Sharma, Teena Katyal, Umapathy Iyer, Umashankar Chary, Aashik Hamad.

The sample replies are
" We wish to inform on investigating the case with the relevant department, we are unable to comply with your request for policy cancellation"
" Further, we wish to inform you that every customer is entitled for a free-look period of 15 days from the date of receipt of the policy document, etc.etc."

Everyone in ICICI Prudential is a Manager. There is no level junior to Manager. There are some Process Leaders who act as though they are the bosses for the Managers. These people are well designated to do this crime of cheating people and doing FRAUD and cheating Indians in a professional way.

This is a very well planned professional way used by ICICI Prudential in cheating innocent people including NRIs and making money. A client would never get his money back. He would lose the entire amount he invested in the first year. ICICI Prudential knows that the client would not normally invest further similar amounts in the second year and the third year to lose still higher amounts. This also well planned and anticipated by ICICI Prudential and to cover this they have written in the policy rules " No surrender value if policy called at the end of first year or second year or third year" and thereby rob all your money

This has to be brought into light and this FRAUDULENT SCAM should be exposed to all people and to Indian Government and proper disciplinary action should be taken against this company.

ICICI PRUDENTIAL 3 YEAR INVESTMENT PLAN — UNWANTED MARKETING CALLS

I HAVE RECEIVED EVERYDAY 3-4 CALLS FROM ICICI PRUDENTIAL CALL CENTER ON MY CELL AFTER INSTRUCT THEM DON'T CALL ME AND I AM NOT INTERESTED IN INVESTMENT.
PLS HELP ME IN THIS MATTER I WANT TO TAKE LEGAL ACTION.

ICICI — ICICI professional frauds and cheaters

Hi,

I am one of the victims if the ICICI bank credit card.
I was called from the ICICI Lombard health insurance and offered a health card which was just priced R.s 94/- per month for 10 months, i saw the health-card`s benifits interesting and cheap and i agreed to pay R.s 94/- per month, but to my surprise when i received the e-mail statement it reflected on it that the ICICI Lombard health card costed R.s 1900/- against R.s 94/-which was a great shock for me, i reconfirmed the price R.s 94/- several times over the phone with the sales preson and he said it`s only R.s 94/- and not a penny more than that, and now you all can see what he actually meat by a penny.

More surprisingly i have not received the ICICI Lombard health card and it`s almost 3 months i bought it, also am not receiving the monthly statements from last 4 months, i have lodged complaints several times with the so called customer service and each time i call them up they say that the statement is dispatched and will reach shortly.

i think some one is physically carring them for me all the way on their foot from Chennai to Hyderabad, and so the delay.

I urge all the readers be ware of the telecallers specially from the ICICI as they are professional frauds and are very well trained cheaters, they suck the blood of their own customers and you will never know it, untill you are their customers.

My advice to all of the readers is Never opt for private banks rather opt for the Nationalised banks like SBI, ANDHRA BANK, CENTRAL BANK etc..

Hence, I Requset the Authorities to kindly look into the matter solve my problem as soon as possible and do the needy.

Thanking you,
Abdul Aziz.

icici prulife — refund excess amount

We regret to inform you that, due to mistake at your end there have been an excess debit of Rs.517/- from my account

ICICI Prudential — double deduction of premium

I am a policy holder in ICICI Prudential, Policy No.: 03978493, Life Time Super Pension.
1) I got a sms on 22nd Dec'08 that payment deduction of premium value Rs. 24000/- through ECS has been dishonoured where as I never maintained less that during those period.
2) I paid on on 2nd Jan'09 through internet banking the above premium amount.
3) ICICI prudential deducted the same premium amount again on 3rd Jan'09.
4) So instead of Rs. 24000/- as premium amount they have taken Rs. 48000/-
4) I have been consistently following up with the call centres and branch office since 3rd of january to return the excess amount but of no avail.
5) Reply I get are, Payment not realised, It is on hold, There is a technical fault, It is under process, we can not do any thing, It will take 6 working days every day I complain about it.
6) Truth is that despite of all my effort and pleading, they are not returning the money.

Who can help me getting my hard earned money back ???

its only fraud

ICICI Prudential - Lifestage RP — Unfair trade practices played by Major Insurance Company, ICICI Prudential

Unfair trade practices played by Major Insurance Company, ICICI Prudential

Please know how ICICI Prudential cheat the people systematically and rob the money from innocent customers through their clever and cunning methods

Please do not take investment or any such policy from this company.
ICICI Prudential is running professional fraudulent scams cheating innocent people, robbing their money by their planned, cunning and heinous activities. They lure people by attractive offers that too approached by your own relatives and friends so called Advisors who are out-sourced by ICICI Prudential. These advisors themselves do not know the details of such investment policies. They do the canvassing just to get their salary or commission which ICICI Prudential pay them for this FRAUD

You will be made to believe falsely that this is purely an investment scheme and you will be guaranteed for the money you invest would be doubled within five years by the Advisors and the local area Managers
Advisor would himself guarantee the amount getting doubled within five years and he would even call the local area Manager who is well trained to be a part of this fraudulent scam and to cheat the client by confirming him the same as Advisor said The details & facts of the actual policy will not be shown to you till it becomes late for you to get the refund. The policy is written in such a professional cunning manner that you would not get any single rupee from the money you invested. The entire money would be lost.

You will be attracted by such false guarantees by the area managers and the advisors that your money would be doubled at the end of 5 years if you pay lump sum amount for three consecutive years (For example Rs 2 lakhs in 2007+ Rs 2 Lakhs in 2008 + Rs 2 Lakhs in 2009). You would be made to believe that this is totally an INVESTMENT DEPOSIT SCHEME similar to any bank fixed deposit or like INDIRA VIKAS PATHRA and ICICI Prudential is marketting this under the cover of some false name including free insurance policy etc. etc. You will be made to believe that ICICI Prudential guarantees 100% the money doubling in 5 years

When you pay the first installment of such a huge amount that is it.
You will lose that money completely. 25% of that money would be deducted from your amount as premium allocation charges, then they deduct as per their will, mortality charges, policy administration charges, service charges etc.Then the balance amount they would invest in some useless untold sinking funds all at the client’s risk. Then by the time you realize this, it would be too late to recover the money.

All your money would be totally taken up by ICICI Prudential

Advisors or the Local Area Manager would never tell the facts that 25% of the money you invest at the first instance would be taken as some PREMIUM ALLOCATION CHARGES. If you pay Rs 10 lakhs, they would take straightaway Rs 2.5 lakhs as such charges. They also would not tell the fact that the balance amount would be invested in some fancy funds - market funds they call - totally at client's risk Giving nice fancy names like MULITIPLIER, RICH, OPTIMISER, LIFESTAGE etc etc. just to attract you. You would never come to know of these until very late when you realise that you are trapped by these people. Then you will find these such different fund names and you would never know what these funds are and which companies they invest. All BOGUS Not only that, they deduct again SERVICE CHARGES, MORTALITY CHARGES, POLICY ADMINISTRATION CHARGES etc. from the balance amount and further reduce your available amount to the least possible amount

These cunning people make the clients to cancel this policy once thety realise that this is a FRAUD. By the time it would become too late. There are professional cunning people in ICICI Prudential trained for answering the clients queries and e-mails. They are all MANAGERS called Customer Relations managers and some are PROCESS LEADERS. They switch over time to time and change by shift in answering and replying the clients to fool them. They have their standard replies to the customers - well planned and systematically executed by the company. Some well trained crooked & professional people are there who will act as though they are investigating the matter for the first time and later they reply with the standard replies very cunningly all well preplanned - Some of those people are Ritu Mehra, Prince Sharma, Teena Katyal, Umapathy Iyer, Umashankar Chary, Aashik Hamad.

The sample replies are
" We wish to inform on investigating the case with the relevant department, we are unable to comply with your request for policy cancellation"
" Further, we wish to inform you that every customer is entitled for a free-look period of 15 days from the date of receipt of the policy document, etc.etc."

Everyone in ICICI Prudential is a Manager. There is no level junior to Manager. There are some Process Leaders who act as though they are the bosses for the Managers. These people are well designated to do this crime of cheating people and doing FRAUD and cheating Indians in a professional way.

This is a very well planned professional way used by ICICI Prudential in cheating innocent people including NRIs and making money. A client would never get his money back. He would lose the entire amount he invested in the first year. ICICI Prudential knows that The client would not normally invest further similar amounts in the second year and the third year to lose still higher amounts. This also well planned and anticipated by ICICI Prudential and to cover this they have writtem in the policy rules " No surrender value if policy called at the end of first year or second year or third year" and thereby rob all your money

This has to be brought into light and this FRAUDULENT SCAM should be exposed to all people and to Indian Government and proper disciplinary action should be taken against this company.

Thanks William for posting ur experience.
By the way i am meeting an icici pru sales person tomorrow to spell his sales pitch on me.
Lets see what sort of answers he will come up with.

Shame on ICICI Prudential for running such fraud business
I am ashamed of ICICI company doing this rotten business in India and not doing straight forward business.

ICICI Prudential — salary inquery

i just bwant to know that my salry has been realised or not

I submit that I have fore closed my personal loan (No-LPOGE[protected]) as your hopeless administration was frequently sending letters that I have unpaid EMI, which I proved as false.
I have foreclosed my account on 20-2-09 in Guntur (PMG Complex branch) and I received NO DUES CERTIFICATE FROM YOUR HEAD OFFICE AND SECURITY CHEQUES WERE RETURNED.
But I did not receive PDCs from you.
The most unkindest cut of all these things is I came to know that your bank again deducted EMI on 12-3-09 (Rs 2288) with my unreturned cheque, which is an unlawful activity and you are accountable for this act.
Hence I call for your explaination before moving consumer forum. I demand to return my amount and penal charges also.

Come on! I don't belive dis. Everyone knows insurance mein charges hotein hai - higher than mutual funds - toh deduction to hue honge! But then, there fund managers still give better returns in the long run than a lot of Mutual fund organization.

Mujhe ek baat nahi samajh ayi - ULIP tha to market fluctuation honi hi thi - recession me sabka paisa duba...did you not know u had a ULIP plan? I have plan with ICICI, HDFC and AVIVA...for all of them, I signed a chart with charge breakup when plan was pitched. Didn't you?

Life stage RP (UIN: 105L073V01) policy number 07043363 by ICICI prudential. — ICICI PRUDENTIAL FRAUDULENT SCAMS

UNFAIR TRADE PRACTICES PLAYED BY MAJOR INSURANCE COMPANY, ICICI PRUDENTIAL

ICICI Prudential cheats the people systematically and robs the money from innocent customers through their clever and cunning methods. Public should be warned not to make investment or take any such policy from this company.

ICICI Prudential is running professional fraudulent scams cheating innocent people, robbing their money by their planned, cunning and heinous activities. They lure people by attractive offers that too approached by your own relatives and friends so called Advisors who are out-sourced by ICICI Prudential. These advisors themselves do not

know the details of such investment policies. They do the canvassing just to get their salary or commission which ICICI Prudential pay them for this FRAUD

You will be made to believe falsely that this is purely an investment scheme and you will be guaranteed for the money you invest would be doubled within five years by the Advisors and the local area Managers. Advisor would himself guarantee the amount getting doubled within five years and he would even call the local area Manager who is well trained to be a part of this fraudulent scam and to cheat the client by confirming him the same as Advisor said The details & facts of the actual policy will not be shown to you till it becomes late for you to get the refund. The policy is written in such a professional cunning manner that you would not get any single rupee from the money you invested. The entire money would be lost.

You will be attracted by such false guarantees by the area managers and the advisors that your money would be doubled at the end of 5 years if you pay lump sum amount for three consecutive years (For example Rs 2 lakhs in 2007+ Rs 2 Lakhs in 2008 + Rs 2 Lakhs in 2009). You would be made to believe that this is totally an

INVESTMENT DEPOSIT SCHEME similar to any bank fixed deposit or like INDIRA VIKAS PATHRA and ICICI Prudential is marketing this under the cover of some false name including free insurance policy etc. etc. You will be made to believe that ICICI Prudential guarantees 100% the money doubling in 5 years

When you pay the first installment of such a huge amount that is it. You will lose that money completely. 25% of that money would be deducted from your amount as premium allocation charges, then they deduct as per their will, mortality charges, policy administration charges, service charges etc. Then the balance amount they would invest in some useless untold sinking funds all at the client’s risk. Then by the time you realize this, it would be too late to recover the money.

All your money would be totally taken up by ICICI Prudential

Advisors or the Local Area Manager would never tell the facts that 25% of the money you invest at the first instance would be taken as some PREMIUM ALLOCATION CHARGES. If you pay Rs 10 lakhs, they would take straightaway Rs 2.5 lakhs as such charges. They also would not tell the fact that the balance amount would be

invested in some fancy funds - market funds they call - totally at client's risk Giving nice fancy names like MULITIPLIER, RICH, OPTIMISER, LIFESTAGE etc. just to attract you. You would never come to know of these until very late when you realize that you are trapped by these people. Then you will find these such different fund

names and you would never know what these funds are and which companies they invest. All BOGUS Not only that, they deduct again SERVICE CHARGES, MORTALITY CHARGES, POLICY ADMINISTRATION CHARGES etc. from the balance amount and further reduce your available amount to the least possible amount

These cunning people make the clients to cancel this policy once they realize that this is a FRAUD. By the time it would become too late. There are professional cunning people in ICICI Prudential trained for answering the clients’ queries and e-mails. They are all MANAGERS called Customer Relations managers and some are PROCESS

LEADERS. They switch over time to time and change by shift in answering and replying the clients to fool them. They have their standard replies to the customers - well planned and systematically executed by the company. Some well trained crooked & professional people are there who will act as though they are investigating the matter for the first time and later they reply with the standard replies very cunningly all well preplanned - Some of those people are Ritu Mehra, Prince Sharma, Teena Katyal, Umapathy Iyer, Umashankar Chary, Aashik Hamad.

The sample replies are

" We wish to inform on investigating the case with the relevant department, we are unable to comply with your request for policy cancellation"

" Further, we wish to inform you that every customer is entitled for a free-look period of 15 days from the date of receipt of the policy document, etc.etc."

Everyone in ICICI Prudential is a Manager. There is no level junior to Manager. There are some Process Leaders who act as though they are the bosses for the Managers. These people are well designated to do this crime of cheating people and doing FRAUD and cheating Indians in a professional way.

This is a very well planned professional way used by ICICI Prudential in cheating innocent people including NRIs and making money. A client would never get his money back. He would lose the entire amount he invested in the first year. ICICI Prudential knows that the client would not normally invest further similar amounts in the second year and the third year to lose still higher amounts. This also well planned and anticipated by ICICI Prudential and to cover this they have writtem in the policy rules " No surrender value if policy called at the end of first year or second year or third year" and thereby rob all your money

This has to be brought into light and this FRAUDULENT SCAM should be exposed to all people and to Indian Government and proper disciplinary action should be taken against this company.

daer sir/ madam
my name is sandeep sethi my my employ id was 566102 i was health assurance officer in jammu my manager locked my id ihave not able to mark my attendence on pace and at least i m was very harashed and i have put my sepration on 3_4_2009. till now i m not recieve my march salary so plz confirm me that when ever my salary is credited in my avccount


regard
sandeep saithy
jammu
28 04 2009

This is very true. I have worked with Ipru. I had sent a complaint letter to CEO. I dont know what action they have taken. IRDA is also responsible for this. almost 80% people do not know about share market and its functioning and risk involved in it. ( But there are few thinks which do not sound correct like There is no level junior to Manager, client would never get his money back ). this is surly a white professional froud. It should be made public. please join me to file PIL against these companies. contact [protected]

These types of companies should be hugely penalised and black listed immdtly and also the employees of these companies should be order to imprisonment with heavy amount of fines and black listed that they could not get job anywhere.

This complaint is absolute nonsense narrated in some negative interest. I have been educated by an advisor to take care of my Wealth, Health &Life with ULIP products from this company. I have invested for a long period in order to take care of my future neeeds. I am totally happy & I feel safe. The health & pension products offered by this company is awesome. Dont buy ulip products thinking that they are similar to Mutual Funds. Instead they are high yielding saving plans which yield better result over a long period of time ie from 5 year onwards with Returns( Min 15% to 20 % ), Insurance benefits & tax benefits.

I fully agree and have gone thru the same word to word as mentioned by you. Being an NRI I have realised this late and put in a complaint to ICICI. But I would request all the readers to take this seriously as this is the truth of ICICI prulife.

I would like to express my views in following manner:

(1) ICICI BANK NETWORK is different from ICICI PRUDENTIAL-- If so, prefix word is a confusion.
(2) I do not like to enrole for this policy.
(3) I think, this policy is not meant for service class whose salary money always fetch them minimum @8% annual interest.
(4) what is the rate of annual return for third or fifth year onward.
(5) Under worst kind of market scenario- at end of three year or five year what amount money ur company provide for a premium of 5, 000/- annual premium policy.
(6) One should get back his money with @ 8% annual interest as a penalty clause if a customer wish to surrender after first year.

I am tottaly disagree with the peoples who says that icici pru is doing Fraud .if it is true then how company gets AAA recognation which donot have any other company in india.Everybody knows that icicipru is the second largest insurence company in india.the people having no knowledge are making these type of reumers.i have 100% faith in iciciprulife insurence company.i want to warn this type of peoples who creating such kind of reumers.so please do not believe these kind of foolish persons.so have faith and have better life with iciciprulife the most reputed company in investment and insurence .only iciciprulife is who makes ur dreams true.