[Resolved]  ICICI Prudential Life Insurance — misselling of product

Address:SAS Nagar, Punjab

Dear sir, I had purchase the above noted policy commencing 28/12/2005 and paid a premium of Rs.100,000/- (Rupees one lac only). I was explained by the visiting agent Dhesi Nidhi[protected] that this is one time premium and the maturity proceeds would be paid to me after three years. Now, when I approached your Phase-9 branch for payment of the same, I was refused payment stating that the premium in my above noted policy is payable yearly. As I had not gone through the policy document and relied on the explanations made by the visiting agent, I had written to your Mumbai Office that they had assured me that the necessary amendments would be made in the policy document. Now that I have been refused payment, it seems that the needful has not been done at your end. You are therefore, requested to cancel the policy and afford me proceeds of the same at your earliest at my address mentioned below. My D.O.B is 29.03.1952. Sincerely Mrs. Usha Bali HE-102, Phase-V, Mohali (PB)-160059 Cell No.[protected] A/c NO.[protected] with PNB Phase-I, Mohali
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Aug 13, 2020
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ICICI Prudential — Misselling of products

Respected Sir,

This is to inform that I MONRANJAN BAKSI respected person had been contracted over telephone for some financial product of ICICI PRUDENTIAL PLAN, for which a executive had visited to me, which I come to know later is from INDIA INFORLINE ,1 SHAKEPEARE SARANI, 4th floor, kol-700071, a broking channel selling ICICI PRUDENCIAL’S PLAN. As per conversation and understanding I had applied for some plan’s as one (1) time single payment which I withdraw after 5years, but unfortunately when I had received the documents which I have done on the name of my wife: SANDHYA KHAN BAKSI and my son: UDAYAN BAKSI, it has been found that all are made into regular Investment plan, later when I had made contact with them they had made me assure that I do not have to pay any premium and can withdraw after 5year.

But later I come to know by going though the plan details that all are regular investment plan and con not made and treated as single investment.
So its my earnest request please look into the matter as I am a retired person and need these money immediately as presently my financial condition is not at all stable. More over I had been frond and mislead on whole issue of the investment.
Please look into the matter seriously as your’s help is required earnestly.



Thanking you,
Yours faithfully
Monoranjan Baksi
53/1 Tantipara lane,Howrah-711104

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