[Resolved]  Pancard Club Ltd — fraud in mediclaim benefits and deposit taken

please contact to Malaya Kumar Sahoo as a fraud agent of Pan Card Club India Ltd and his contact no. is [protected]

Dear Anirudh, I think you are a one of the mad man in our society, otherwise you can not writen this types of word like fraud. You have also mention my mobile no.can you a mental, , , ,

B/R-Malaya

i had also same experience from pan card comp. mumbai. i had the same policy of 35000, of New india Assurance. i SUBMITTED MY ALL DOC. 6/3/2010 ON TIME AND ONE OF .LAST DOCUMENT I SUBMITTED ALLREADY I GET REPLY FROM PANCARD THAT U R NOT SUBMITTED THAT DOCUMENT SO I SHOW THEM A SUBMITTED RECEIVED OF OF THE SAME THEN THEY TOLD ME THAT WE RE OPEN UR FILE 1/11/2010. AND TODAY 15/2/2012 THEY SAY THAT U ARE SUBMIT THAT DOC. ONE MONTH LATE SO WE ARE NOT SETTLED YOUR CLAIM. I JUST GOING TO TELL THEM I[censored] KNOW WE ARE LATE SUBMIT DOC. THEN WHY U GET THAT MUCH TIME TO INFORM US THAT WE ARE NOT SETTLED UR CLAIM. THIS ALL THIRD PARTY AGENT ARE NOT CO ORDINATION WITH INSURANCE COMP. AND THEY GET ALLREADY THERE COMMISION SO PLS BEWARE FROM THIS COMPANY

-----SAGAR

IF YOU WANT BUSINESS OPPORTUNITY SO PLZ CONTACT PAN CARD CLUBS LTD RFO ABHIJIT CHAUHAN CONT NO [protected]

Pancard Clubs Ltd. is a timeshare company. You purchased room nights on advance basis in our hotel & resorts for certain period of time and i[censored] utilise, then it will be adjusted with the total room nights purchased. and if you not utilise then you will can surrender after certain priod of time and can get the estimated surrender value payment. For more information log onto www.pclinfo.in

I am recently invest some amt. in Panoromic Group Of Companies, for my future plan is this right or wrong can anyone suggest me. I read all above comments after investing amt. Plz give direction. If you possible plz send me mail [protected]@yahoo.com

Nice, still we are not clear are we can think money growth with PAN CARD CLUB / same investment scheme... Govt has to monitor district wise under collector . so that middle class person can believe truthness of Policy company & his agent.

PAN CARD CLUB IS NOTHING BUT CHEATING COMPANY. BE CAREFUL BEFORE INVESTING YOUR MONEY. FROM COMPANY TO AGENT ALL NOBODY BELIVES IN GIVING SERVICE.

bharat

We have invested in 3 FDR. We have received receipt. But we have not received FD certificate. Now after 1 year we come to know about the same. We have asked to agent regarding the same. He ask for application and Rs. 200/- per FD. Application is we can understand but Rs.200/- per FD is for what & why?

Reha Karwa
[protected].

Pancard Club Ltd and many other such Financial clubs like them are not strictly regulated by SEBI and are far from being run professionally. They are nothing but 'money pyramid ' schemes. Which means a substantial part of the money invested by depositors are shared by way of commission from the agent at the lowest ladder to the officer of the highest cadre. While securing this deposits a lot of promises are given to the depositors assuring him orally that a substantial bigger amount will be paid to him at the expiry of the term. Even their marketing material is misleading. The directors and salesmen of such companies would be charged under criminal cases if the strict Money Laundring Act 2005 is made applicable to them. If any person wants to invest any money must go through the following stes:

1- Check the company credentials : Is the finance company is subject to SEBI rules. If not do not invest your money.

2- Is the person advising you to invest is well qualified on investment and financial matters and is a memeber of any qualified institution. Please note that because you know him well or is referred to you by your good fried is no excuse to invest.

3- Is the company you are investing in is registered in India and give you guaranteed amount of returns in writing.

4- Suppose if the company fails to pay you the guaranteed amount of return or even your deposit then what course of your action would be. Is the company a member of any say Ombudsman where you can take your complaint. If there is none or the Company says that they are not responsible for their agent's failure (because the agent to whom you have given money is supposed to be your representative and not of the Company) then never invest in that company.

5- Do not get carried away by glossy literature such as photoes of Directors of the company with the Ministers etc. That is no indication of a reliable company.

6 Most importantly do not and I repeat do not invest money because you are going to get back a substaqntial more amount back than the present bank rates on your fixed deposits.. Such promises are always false promises .

7 After all this if you want to invest and if you loose please blame yourself for your greed.

Very well said V Prabhu.Company is not in position to repay the amount in near future.If you go through companies balance sheet you will find that company has to repay more than Rs.2000 crore in next ten years.Which is impossible task for a company which has very less business & profit.Also PanCard club is not a subsidiary of Panoramic universal ltd & Panoramic universal is not responsible for any liabilities of PanCard Club.Agents who are selling schemes of PanCard club not even know that PanCard club has its own balance sheet & liabilities.These agents not aware of anything about financial matters & they only care for their commission & not ready to understand details of balance sheet & other parameters of financials.One can easily understand that PanCard club is running purely money circulating scheme.But these companies are taking benefit of Indian outdated law or negligence of Govt.Institutions.So taking precautions is best way while investing? in such scheme.For PanCard Clubs Balancesheet pl. visit https://hotfile.com/list/2057217/378109d

By RB Khatkale (RFO). These all comments are incomplete. I think all comment writers are not aware of the actual work of Pan Card Clubs Ltd. There is a Hotel business of this company and booking room nights in advance. List of their hotels are given along-with the investment certificate and also have with all marketing personnel. the room night are booked at discount rates at present @ Rs 900 per room night. If the allotted room nights are not used by the investor, Company taking back unused room nights from the investor at the rate of surrender value as under :- (a) Room Night Offer Prize @ Rs 900/- per room night (ie membership amount). (b) Company giving surrender value to the investor after 3.3 years @ Rs 1260/-, after 6.3 years @ Rs 1800/-, and after 9 years @ Rs 2700/-. In addition company is giving additional benefit like Medi+Claim and Accidental Death Insurance cover absolutely free of cost without taking any additional installment from the investor and no other even one company in today's market giving the insurance without paying Premium amount. The surrender value given to the investor by the company comes at around 12 and 1/2 percent compound interest which is ahead of other investing sector. It is for your information, Pan Card clubs Ltd is not a insurance company. Company is paying premium to other companies like new india national insurance, oriential insurance, HDFC Ergo for group insurance for his members without taking any additional premium amount. So please don't give wrong comments without proper study about the company. Please go on website www.pclinfo.in for further information. And one important note is that Pan Card Clubs Ltd company is in market for last 15 years and no one investor is there as on today who have not received his invested amount with interest ie surrender value. If there is any one who have not received his amount please visit directly to the head Office 110/116 Kalyandas Uhyog Bhavan, Nr. Century Bhavan, Prabhdevi, Mumbai-400 025 Tele[protected], 24323876 along-with Investment Certificate given by the Company.

Mr Ajay chavan, I think you have not invested money in Pan Card Clubs Ltd. You are trying to make fullish innocent people. If you have invested money in PCL then you had been received deposit receipt and RNB investment certificate for Rs 35000/- from the company. In that certificate there is clearly mentioned that on what date you have invested and on what date you will receive money and how much surrender value will receive. It is for your info Medi+claim and Accidental Death cover are given from different companies. Please ask your marketing person for list of black listed hospital for which company is not giving any medi+claim. You have not mentioned your invested certificate No and date clearly. Also it is clear that if you have actually purchased room nights ( ie taken policy in your language) then the surrender value mentioned in your certificate issued by the company will receive by the mode of only account payee cheque on the date mentioned in the certificate. OK, I am saying this as a friend because I have also purchased room nights through pan card club ltd.

Pan card club ltd. is not a fraud company.Nominee of my policy holder was got accidental death insurance money fully Rs. 100000.00 last year
Name of Policy Holder : Lt. Ganesh Ray
Nominee Name : Sandhya Bala Ray of Bijni Assam

Such mein, Duniya bewakuf banati hai-banane wala chahiye.All people are talking about the certificate, investment certificate etc.It's nothing but the receipt for the advance room booking(but the company does not book your room anywhere) which was printed in the style of FD certificate.people who are talking about the working of the company.If they go through the balance sheet of the company then only they will know the actual working of the company which is nothing but the money circulation scheme.Also if anyone go through terms & conditions printed on the form of holiday membership of the company.He will get clear idea that company does not take guarantee to refund the amount.So please do your homework properly.Read & understand all terms & conditions printed on the form of holiday membership.Go through the balance sheet of Pancard club (& not the panoramic universal).If you don't understand the balance sheet then please show it to the C.A.& get your doubt clear from the C.A.After that take your own decision & don't blame anyone if anything wrong happens with your money.

is this company is true with these promises? i mean like Sahara and Tata like group companies policy system failed at one stage and they are now in court. so is this good for join it

V S Chandiwade (DDM) pancard clubs is a one of the best network marketing in all over world this is a my view any info abt PCL go to www.pclinfo.in or call me any time [protected] / [protected]

My elder sister has taken treatment hospitalized and i pay all bills to Hospital and then i file a claim for reimbursement as per said, Pancard denied claim as late submission for 15 days late and no intimation letter or any call received from pancard club ltd. Agent said claim denied as 1 day late submitted claim, I don't know who is fraud agent or company. Still i am awaiting for my compensation dues..!!! Even though my father visit to office but not yet no positive response yet received from Co! how irresponsible they are!

please conformed to me which place its investment or it obey RBI guide line also..
BHASKAR KUMAR BARIK,
BHADRAK,
M-[protected]

HOW GOOD IS THIS PAN CARD LTD ? I HAVE INVESTED 5000 AND NOW THE AGENT WANTS ME TO INVEST 36, 000 MORE FOR A PERIOD OF 3YRS. BEFORE INVESTING I WOULD LIKE TO KNOW, SINCE IT IS A 15 YEAR OLD FIRM THE PEOPLE WHO HAVE INVESTED IN ITS INCEPTION MUST HAVE GOT RETURNS, WOULD LIKE TO SEE OR HEAR FROM THEM THE QUESTION OF READING THE BAL.SHEET IS LATER (WHICH CAN BE MANUPLATED) BUT ACTUAL MEMBERS THE FIRST WHO JOINED WILL GIVE (HOPEFULLY) AN HONEST REPLY, ABOUT THE CLUB/FIRM.
THANKS,
REGARDS.