[Resolved]  ICICI Prudential Life Insurance — Wrong Selling

Dear Sir/Madam,



Sub: - Complain Against ICICI Prudential Life Insurance Company Ltd.



Introduction Of Mine:-



I Mr. Dharmendar Sikand, residing at Vadodara of Gujarat State. I am an employee of Indian Railway since last 17 Years.



My father was also an employee of Indian railway, when he expired 2 years back I receive Lumsum amount from his pension & other saving what he has done when he was alive. And I also have some saving amount of mine.

So I had planned to invest this money some where from where I get good returns.



Investment Portion:



When I was planning to invest this money in the mean time I came in touch with one ICICI PRU Employee who is working in Baroda branch his name is Siddharth.Kaluskar.I came to touch with this guy with the reference of my family friend whose name is Mr.Darji.



Then he showed me one policy of ICICI Pru. i.e. – Life Stage Pension Plan (LSP).He said me that you have a Lumsum amount this time so u invest your all money in this policy coz it is a one time so u don’t need to invest as regular basis. I also convince his wording that I have to invest one time not on Regular basis. So I ready to invest all my money in LSP Plan.



But after an year when I received renewal premium receipt from ICICI Pru I was shocked how it is possible, coz I had a trust on Mr, Siddharth that’s why I never ever go through the Terms & Conditions (T&C) of the policy. But when I receive the premium notice I refer the policy & I came to know that this policy LSP is a Regular Paying policy not a one time policy.



Then I try to contact Mr.Siddharth but he did not pick my phone or contacted me back.



(Apart from this I also want to aware you that, after taking this policy I also face one big problem with ICICI Pru & Mr. Siddharth i.e. when market went crashing I called Mr. Siddharth please transfer my fund in safe mode he said ok I continue call him & his manger 3-4 times, he always said I did it u don’t worry about that .But one day when I checked my statement then I came to know they never ever change my fund & coz of that I got a loss of aprox 50% of my Fund Value .Then I complain in ICICI Pru against Mr.Siddharth what he did with me. But I don’t get any good feedback from ICICI Pru off. In the mean time Mr.Siddharth put his resignation in ICICI Pru & left the companies within 15 days after I lodged complain against him. And I am surprised how his senior accepted his resignation if there is any complaint pending against him.



Then I lodged an complain in ICICI Pru customer via mail but after 3-4 months communication from there way I also don’t get any favorable feedback & at last they said we cant do any thing u have to pay your premium. )













Help from Ur Side:-



Just today I came to know about your program (Pehredar), Insurance Ombudsmen & about Indian consumer where you are helping such customers who are facing lots of problem with financial companies especially with Insurance Company’s



So without wasting a single minute I draft a mail in which I describe each & every thing what problem I m facing with ICICI Pru from last 1 year. Because you are my last hope, with your help only I will get justice from ICICI Pru.



And, as I describe I am a Central Govt. Employee in Indian Railway, So it is next to impossible for me to pay next two huge premiums.





Policy Details:-

Policy no
Policy Name
Date of commencement...
Premium Amount
Policy Holder Name

7405700
Lifestage Pension
21/1/2008
149700
Dhamendar Sikand

7478450
''
22/1/2008
149700
Dharmendar Sikand

7421471
''
21/1/2008
199600
Dharmendar Sikand

7336912
''
14/1/2008
49000
Pooja Sikand

7322365
''
10/1/2008
441000
Pooja Sikand

















Thanks & Warm Regards



Dharmendar.B.Sikand

201, Pramukh Complex

Inside Sahjanand Kutir

Mujmahuda

Baroda,

Gujarat



(M) +91 [protected]