[Resolved]  Reliance Life Insurance — Cancellation of Insurance Policy

Address:Thane, Maharashtra

To: [protected]@relianceada.com

Dear Sir / Madam,

I am having Insurance policies of your company. Your company's Agent had introduced these policies to me as one time investment Plan.

At the beginning he advised me to take the policy of Rs. 50000/- (Date: 17 Aug 2010, Contract No.[protected], Client ID[protected], Adviser code No.[protected]**. He informed me that after four month of the Investment, my quarterly pension will start, which includes 5 lacs Insurance coverage, accident rider of 2 lacs & medical insurance of Rs.75000/-.

With above Policy he combined two new policies i.e.
1) Rs.50000/- (Date: 13 Sep 2010, Contract No.[protected],
Client ID[protected], Adviser code No.[protected]**
2) Rs.30000/- (Date: 10 Jan 2011, Contract No.[protected],
Client ID[protected], Adviser code No.[protected]**.

Recently in the month of July I have received call from your Delhi office that unless I take another Policy for Rs.30,000/- I will not get benefits of above 3 policies. So I have paid Rs.30,000/- vide Cheque No.424310 dt.[protected] for Rs.30,000/- (Application No.D0162568). My Medical check up formalities are not completed. So this policy is not effective. There is not Contract No. Or client ID. Since this policy is not started please refund the same amount immediately.
As per my understanding these policies are one time investment plan. Still I have received letters for payment of premium.
The policies term of payment are 20 years, 10 years, & 7 years, respectively.
I am now 56 years old. If at all I have to pay premium, it will not be possible for me after my retirement. I would like to cancel all my above policies. Your Agent/employee provided me wrong information. At the age of 56 years I don't need any such policies. Please take this letter as a formal request to cancel my insurance policies and repay the amount of Rs.1,60,000/- with interest. Please make this cancellation effective as of 08/08/11. My ICICI account no. is[protected].
I also request written confirmation of this cancellation, along with a refund for unused premiums, within 30 days of this action
I don't need these policies for Income Tax.
Please look into this matter at earliest as its not good on part of reliance.

Regards
Yours sincerely
Anil Narayan Shivalkar
M6,Room no 2,Gr floor
Kashish Park,F.G.P. complex,
L. B. S. Rd. Thane (west)
Email: [protected]@rediffmail.com
[protected]@yahoo.com
Mobile: [protected]
Bank a/c: ICICI[protected]
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Aug 13, 2020
Complaint marked as Resolved 
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Comments

50000 - life insurance for 2 year — cancel the policy

Dear Sir,
with due respect,due to communication gap and your navie sales executive i applied a life insurance with a LCD tv Finance.
As i'm regular customer of bajaj finance,your company offered me for a life insurance for 2 year with 102 rs installment per month basis but at the time of communication your sales executive told me that these installment money is refundable after 3 year. But there is no such a provision in this policy.so plz cancle immediately.

:-Information regardin
Sudhanshu Audichya
20 a glass factory
near s k engineers
UDAIPUR (rajasthan)
ph no [protected]

2. Shop keeper
Best enterprises
bapu bazar udaipur

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