[Resolved]  Reliance Cash Flow Plan — sale of policy by projecting wrong benefits

recently i bought a policy 'Reliance cash flow plan' from reliance agent vignaharta direct insurance broking pvt ltd. for 10 year tenure.At the time of the deal i was told that after complition of 3 year I will get back twice the amount of anual premium i am paying and similarly after 6 and 10year.and this is guranteed bonus from Govt. of India.This cash back will not be deducted from the amount i have deposited with the reliance till that time. also i will get 10.75% cumulative interest if i foreclose my policy after 3 or 5 year.

On receipt of my policy ,there was no such clause of interest and non deduction.I sent a mail to the reliance and got a feedback that there is no such plan with the company,rather reliance sent me a form saying that if you want you can cancell the policy and take refund,but did nothing and keeping silent over the action againt their agent who are using unfair trade practices for saling their products.

suman
Delhi
policy no.18292608
Was this information helpful?
No (0)
Yes (1)
Aug 13, 2020
Complaint marked as Resolved 
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit