[Resolved]  Snowtex Investment Limited Is Agency Of Birla Sun Life Insurance Co. Ltd. — Fraud in Selling Insurance Policy

Fraud in Selling Insurance Policy - SNOWTEX INVESTMENT LIMITED is agency of Birla Sun Life Insurance

Myself is Sushant Mayekar from Mumbai, I got a call saying calling from ICICI Prudential regarding to my lapse policy. Stating that I will get all my returns from ICICI Prudential with Bonus within 90 Days. To claim this they told me that I have to take one endowment policy of Birla Sun Life ( on query they told there is recently tie up of ICICI Prudential and Birla Sun Life) ( I enquired this with ICICI Prudential’s call center which is not a case)
After taking plan, within 10-15 days team of 3 people (1 from IRDA + 2 from Insurance co.) will come to my residence to hand over letter of old policy claim amount. They have the answers to all our queries.
Finally, after 15 days I agrees to take policy keeping in mind that if they cheat I will cancelled the policy within free look, and document person comes to me with forms, in that I found one paper in the name of Snowtex Investment Ltd. I immediately search in Google for this name and I found so many complaints against this company from various location of the Country. I called Mr. Shirish Kulkarni, who has got trapped by these peoples. So I quit myself from the loop.
Even though I have not trapped, I expect stern disciplinary action against the person involved with this kind of fraud. For reference kindly find details of the following who dealt with me with the application.
1. Sanjay Sonawane –[protected]. (Senior Manager)
2. Shashank Shinde –[protected].
3. Document collection boy –[protected]
4. Niranjan - [protected]
Landline no.s are 022 – 30247069 / 53 / 25 / 32 / 38 & 31902066.

I also found from internet that SNOWTEX INVESTMENT LIMITED is agency of Birla Sun Life Insurance with Advisor Code is 001639. So, Birla company immediately should discontinue their agency with penalty and help the society to save from such fraud cases. Also IRDA should take stern disciplinary action against the person involved with this kind of fraud.

Sushant Mayekar (Mobile –[protected]
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Aug 13, 2020
Complaint marked as Resolved 
Complaint comments 


brila life insurance — irresponsible agents

i dr mayurika singh bought life insurance policy in 7 month 2009 through policy baazar agent name naresh he assured me to return 5% of the premium amount when i called him he said i will give back money and in dec.2009 when i called he said i have left the company and he is still working in that company these bloody private company are fraud they r 420

Birla sun life insurance co. ltd. — complaint against investment,

my name is umesh kumar srivastava, mobile no. [protected], mail id [protected] Sir i have invested Rs 10000 at january 28, 2009 in a policy[protected]. After three year company returned only Rs 878.01 and lapsed rest of my money.
This is Kedar Meher from Mumbai. I am also a victim of this company (selling another policy by offering bonus on prevoius policy) .
I am having strong feeling that Birla Sun Life's authorized persons are alos involved in this scam. so they are just ignoring such complaints and those crooks(snow tex) are still selling their policy with the fake offer.

Those who are getting suffered from this company please contact me on [protected] ([protected]
I want to take this to the one of the famous political party in the Mumbai with the relevant proofs.

Please help me in this effort beacause I need heavy support for such activity.
This is to inform you with grave concern that myself Subhajit Das a resident of Kasba Kolkata 42 before 2 months received a call from number [protected]. This was a call for a personal loan query and that person on behalf of Snowtex Investment Ltd. told me after doing a Birla Sun life Insurance of amount 15000/- I will be entitled to get 300000 (Three Lakh Rupees) and as per their conditions after getting the insurance policy kit I have to handover it to them and need not to pay yearly 15000/- premium. They called me many times and finally I agreed with their terms.

I paid Rs.15000/- on 24|11|12. I got my Birla Sun Life Bachat Endowment Plan with policy number[protected]. After the policy documents reached me this Snowtex Investment Ltd. Representative called me up and collected the original policy kit.

I tried to contact them after that but they continued not to response my call and I could not get the loan they promised. Now simply I want to close this policy and return my money straightaway.

After submission all documents and details within 25 days they assure me that I will get my payment within 15 days and receive my application with their stamp. Now almost 4 months past but they are not responding even they are giving time 15 days every time when I call them. What is the solution?

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