[Resolved]  Reliance Life Insurance Co Ltd — FRAUD AND CHEATING

Address:Vadodara, Gujarat

Dear Sir,
contract no : 18145531 & 18145535 Reliance life insurance Co Ltd
I KRUNAL H PATEL RESIDING AT PO MASAR TA PADARA DIST VADODARA STATE GUJARAT AGE 31 , I have taken two policy from RELIANCE LIFE INSURANCE CO LTD at the time of taking this policy i declare my intention to agent ,
1. i want to do one time investment ,
2. i dont want any life insurance ,
3. if i get minimum return no worry i am more than happy but it should be safe,

with this agent comit me that

1. you need to invest 15000 ones with one name,
2. by 3 years you will get double amount,
3. there will not be any single charge for new investment,
4. this is not an insurance this is pure investment reliance capital FD

after all this discussion i told him that i didnt want any double return i need my money safe with minumum return , and given all document only i have sign on one pager in which mentioned i will get 15% gurented return , with this agent told me that see we are giving in writing ,

from so many days i was follwing him for investment documents he just avoid me and switch off the phone but now today i recive both the policy it shows life insurance and with 80% charges product with regular premium paying term 15 yrs now i m just surprised wt should i do .... still agent is not picking up my phone , agent came with some manager level person i have not taken his contact details,
even i show my and my wife's signature in forms and calculator of investment i m just surprised that how it is possible i have not done any single signature with any life insurance forms or any calculator of invesment ,

Pls help me out from this and i would like to cancel this policy i am not that much income earner person who can save every year 30000 pls do the need full and help me out,

Regards,
Krunal Patel
[protected]
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Aug 13, 2020
Complaint marked as Resolved 
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Reliance Life Insurance — Do Not take Reliance life Insurance Product

Beware of Reliance Life Insurance Policy.. You may get CHEATED

At the time of discussion Reliance executive[protected] ,[protected] , [protected]) told me if you invest 50,000 PA with reliancce money under RTSIAP plan, RLI give 30% back after 45 days as a agent commision
in Addtition to that RLI will give you 250 % on your first year premium. Which you can withdraw after completion of first year of your policy.

Total Policy duration is 5 years.

Thay were claimimg that this policy is for selected people.

I took a reliance policy,and after receiving the document i came to know that i have been cheated. Then i went to consumer forum and cancelled my policy.. i got money back but U people please be alert
i agree with Rajesh...

Reliance has fake policies

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