Tata Aig — Cheating by TATA AIG

Address:

South Delhi, Delhi

I received a call about a month ago from some insurance agent to take a policy of tata aig in which i would be alloted units @11 per unit and they would allot me 500 units extra over and above the purchased units and this way i would not have pay any allocation charges. i agreed and signed the papers and even the agent who came to get the documents signed confirmed the same thing and said that every thing will be in writing and same will be mentioned on insurance document. On 16 of May i received the policy document mentioning that I have been allotted unit @ Rs 17 per unit and i found that the all the promises done by insurance agents were lies and cheating just to sell the policy. I went to nearest tata aig office and returned the policy document (under 15 days free return policy) .

Today i received the a cheque of Rs 17549.40 and Rs 450 have been deducted by the company.

My question is that if i am being cheated and given wrong information to buy the insurance policy then why company is deducting the charges.

I would have taken the insurance policy and would have never returned it in case the information given by agents had been correct. I am being charged Rs 450 for fraud and cheating that the agents of TATA AIG are doing to sell there policy.

My details are given below :

Policy No.- U[protected]