Tata AIG Ulip — No Refund Yet.

verma.devesh

from Hyderabad, Telangana

Address:

Delhi

Tata-AIG Life Insurance ULIP is a big fraud. If you have one of this investment, try surrendering it. THE MONEY IS NOT RETURNED. I have been calling them everyday over the last one month. They have not yet dispatched my cheque.

There is no accountability. Your complaints do not get addressed. Nobody calls you back. They just sit on it and tell you the same words every day - "We'll get back to you with more details in the next 48 hours."

Never, ever invest in Tata AIG, if you love your money. If already invested, kiss your money Goodbye.

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Comments

aqwerty

ULIP is Unit Linked Plan where a factor is driven by the market.But accountabilty over the cusotmers money seems to be less with a clause that "Risk is beared by POlicy holder).Not sure tommorrw, Will i be considered as a fraud .if i opens a financial institiute and gets customers money and returns the invested amount or less after 10 years to the customer and myself keeps the interest or rolls the amount for my purpose during that 10 year.

Seems non ethical.But laws needs to be confirmed with a lawyer and have to check about the document signed by you .IF document is not per RBI views the validaity of the signature again needs to be checked with the lawyer.