[Resolved]  Lifetime Super Pension Policy — Conversion of Life Time Super Pension Policy so Single Premium Policy with one Time preium of Rs.2 lacs (already paid at the time of taking policy)

October 13, 2008




To

The Branch Manager,
ICICI Bank Limited
Sector 16, Fardiabad

Sub : Conversion of Life Time Super Pension Policy to Single Premium Policy with
One time premium amount of Rs.2 lacs (already paid at the time of taking policy)

Dear Sir,

I would like to bring to your kind notice that I am a retired person and have practically no Income source to pay my subsequent premiums under the below mentioned policy :-

Policy : LIFE TIME SUPER PENSION
Policy No. : 06758132
Policy Term : 10 years
Proposal Form Nmo. : 0972746
LOB ZONE : 00151827
BANK B 204 OERV
FBM/FSC CODE : 00284142
LIM/CSR CODE : 7170368

In fact, my total family income from all sources is less than rupees 5-6 thousand per month and under such circumstances, I am not even in a position to support my family to meet both ends meet. Moreover, this income comes from my fixed deposit amount besides a meager pension amount of Rs.952/- per month from my PF.

I was under the impression that in the said policy, I will get back money every year and pay back premium amount to continue my policy for 3-years since the persons sitting in ICICI Bank did not give me the clear picture. The name of such persons from whom I took the policy are as under :-
ICICI Bank Ltd, Sector 16 Faridabad team comprising following members took me into their chamber :-
1) Mr Ankur Garg
2) Mr Sahil Malhotra
3) Mr N Jain
4) Mr Yogesh
Including their Top Executive name I don't remember.

Had I known all the facts, I would not have opted to take the above policy.

Moreover, I and my wife are not keeping good health in this old age and even not in a position to take care of our health under some good medical practitioners.

In view of the facts as explained above, I would request you to kindly convert my captioned policy in a single premium amount of Rs.2 lacs (already paid initially) at the time of time of taking policy and no further premiums are charged to enable me to reduce my financial burden.

Thanking you,

Yours truly,

Cc: Br. Manager, ICICI Prudential, Faridabad
GURBACHAN SINGH ARORA cc : Customer Care, ICICI Prudential, Mumbai
House No. 1J-89 cc: District Consumer Forum, Faridabad
NIT FARIDABAD 121 001 cc: IRDA, New Delhi
Mobile: [protected] cc: Mr KV Kamath, ICICI Bank