[Resolved] UTI — SCUP-93
UTITSL - UCUP-93
174, 1st Floor,
Rajendra Bhavan (DDA Building),
New Delhi -110008
Dear Mr. Pradeep Shenoy,
I have 2450 UNITS o[censored]TI- SENIOR CITIZENS UNIT PLAN-1993; MEMBERSHIP CERTIFICATE NO- [protected].
Only recently I came to know about the following about the scheme:
"January 10, 2008
UTI Senior Citizen Unit Scheme will cease its business from February 18, 2008 UTI Mutual Fund announces the offer of an alternate health insurance product of New India Assurance Company (NIAC) to the members (upto the age of 58 years) in lieu o[censored]TI Senior Citizen Unit Scheme/Plan (UTI-SCUP), which is being terminated from the close of business on February 18, 2008. However for members above the age of 58 years for whom insurance premia had been paid out of existing investment, there will be no change and NIAC will continue to honour its commitment on hospitalisation cover. UTI-SCUP was launched by erstwhile Unit Trust of India (UTI) in the year 1993 in association with NIAC to provide its members medical cover for hospitalisation on completion of 58 years of age."
If the above news is true then why we were not notified officially. Till date I have no information about the latest UTI policy in lieu of the SCUP-93. Also I have no knowledge about the face value of my units. My medical cover started from 21/03/2007 & I could not claim "no claim bonus" as stipulated in the log book under item # 7, as was away abroad.
Attached scanned copy of my Log book with details. Please let me know
immediately, the course of action you expect us to take. I feel deceived when I needed the benefits of my investment.
Jahar Lal Chowdhury
New Delhi - 110078
[protected] / [protected] / 25096836
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Aug 14, 2020Complaint marked as Resolved
Category: Business & Finances
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