[Resolved] NetAmbit Insurance Broking In — Provided Misleading Information to book a policy of 'TATA-AIG'

gauravsahni2008

Feb 16, 2011

Address: Mumbai City, Maharashtra

Hi,

In the month of December 2010, I received some frequent calls from a company called 'NETAMBIT INSURANCE BROKING IN' to invest in a insurance policy of 'TATA-AIG’, after lots of conversation I agreed to take a policy called 'MAHA LIFE GOLD’ (premium 20,000 Yearly - Taken as a part of two policy 10K yearly each) from them and I booked the same. Everything was fine and fair till this.

Now after this policy was booked I received a call from 'NETAMBIT' that some bonus of 20,000 Rs is released for my policy. I asked them that how this possible that so early that much bonus is given to the policy holder , then I got the response that it’s their policy to provide bonus either at 1 year of the policy or after the maturity and as this was first year of my policy it is provided to me. But the issue came when they said that I will have to provide a check of 12,500 Rs to release this fund for documentation purpose.

I submit a check of 12,500 Rs, dated 5th Feb 2011 (Check Number: 030566) payable to 'TATA AIG Life Insurance Co.' which is cleared from my account now. I didn't get any response from that company 'NETAMBIT' again and when I checked with the main TATA-AIG company I found that one more policy is booked under my name having yearly premium of 12,500 Rs. So in short they booked a new policy by providing me false information.

I want a strict action against them as it gave me lots of mental harassment to me.

Thanks,
Gaurav Sahni
Mob: [protected]
Email: [protected]@yahoo.co.in

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Aug 13, 2020

Complaint marked as Resolved

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Comments

prave62

Mar 15, 2011

Almost same case happened with me. This time it was for ICICI prudential but the agent 'NETAMBIT' is same. I think this is their corporate strategy. We must take strict legal action as well as should complian to IRDA so that they are blocked from doing business itself.

You talk to TATA AIG and ask them to return your money as well as take action.

I am in talk with ICICI to make the complaint to IRDA as well as legal action.

rachna sharma

from Pune, Maharashtra

Mar 28, 2011

I feel that Netambit company is a very useless organisation which belives in only fooling with innocent people and their hard earned money.I am also having a similar complaint where in i have taken a policy through Netambit for 'SBI shubh nevesh' .Insteaad of making it a 20k per year premium they have made it 40k in the policy document and have not done anything till date to cancel my policy despite my strict follow up on this matter.
I am realy very upset with such an unprofessional company and i have raised my complain with the consumer forum.I hope i shall get refund soon.
We all should take strict action against such fraud companies.

Thanks,
Rachna
[protected]@yahoo.com

rangaphanikumar

from Bengaluru, Karnataka

May 24, 2011

Hi,

I agree the same about "Netambit Insurance Broking India Limited" which is a fraud company. I have taken a Policy from TATA-AIG through this fraud company. Deepthi (mobile : [protected] and [protected]) Employee of this waste company called me a lot and finally made me agree to take "Maha life gold" for premium of 20k.

Actually the premium payment term of this policy is 15 years but these people said like they are giving offer for some customers for payment term of 5 years only. So i thought of its the best to take. Once my documents are submitted then onwards no one responded to my calls, finally i got Policy documents in which TATA-AIG mentioned Premium paying term is 15 years only and customer care people said there is no such offers to any customers.

Kindly let me know how to sue this company.

As per my feeling not only agent whole TATA-AIG people are fraud.

Thanks and Regards,
Phani

rahul2029

from Port Blair, Andaman and Nicobar Islands

Sep 19, 2011

Just go and make and FIR in the near by police station, as they have cheated me also and me also planning to do the same

rahul2029

from Port Blair, Andaman and Nicobar Islands

Sep 19, 2011

can any one provide me full address of netambit insurance, so that i can ldge an FIR as well as criminal case against them

neeta ravi

from Mumbai, Maharashtra

Mar 7, 2012

I am Dr Neeta Ravi having a similar problem with netambit .I paid premium of Rs 100, 000 for my policy (3rd premium) instead of paying my third premium the co . has formed a new policy for me with my forged signatures and false address and mobile no.I think the insurane co.is in link with the insurance agents and icici wants business at any cost.I think irda really needs to look into these issues becos the common man is just been cheated
Thanks Dr Neeta Ravi ( Mob: [protected])