[Resolved]  ICICI Prudential Life Insurance — False Promise

Address:

Chandigarh, Chandigarh

In January 2012 , I was approached by an Employe of ICICI Bank branch ( CHD) on phone and I was told that I will be required to pay a single/one time premium of Rs.20,000.00 and after 5 years the poilicy will be matured with all the benefits.So taking him on words I purchased the Policy no-1632242 17, in january 2012. Since I was not in town when the policy was received, I could not avail of the free look period.Now on detailed reading of the policy i understand that i have been cheated by ICICI as the premium has to be paid ever year for atleast seven(7) years and it is not one time as was informed by him. Hereby I do not want to get my money blocked for 15 years. I want that it should be cancelled and my money should be returned.