Exide Life Insurance — cheated by exide life insurance employee (bm) golpark, dhakuria, kolkata

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Insuranceexide life insurance cheated by exide life insurance, golpark branch
Exide life insurance — cheated by exide life insurance, golpark branch

1 review
Ro rocyy on nov 2, 2018
Mark as resolved

Sub: complaint against exide life insurance for their fraudulent activities

Request for cancellation exide life insurance policy no: 03747862, 03747894, 03780492 & 03780493

This has reference to my above complaint,
I am sending you mail by explaining in details:

They cheated me by taking my hard earned money which i got from my retirement benefit. They told me that to take one time policy from exide life insurance which would be as like as bank fd and i would get rs. 24000/- pm as interest. They told me that it could be encash anytime whenever i wish as like as bank fd.

They added that to inform them when i would received my one time policy/fd bond at my residence and that should be kept in their custody/exide branch without cutting that one time policy/fd bond's envelope to process my [protected]@24000/-pm.

And as per their advice i had handed over my 4 nos of above one time policy/fd bond (Sealed envelope) to them when i had received it without cutting all envelope.

When i had not received any interest which they had committed to me rs.24000/-pm since this long time (6 months time) then i discussed with my family and friends regarding their forgery. My family and friends told me that i had been cheated by them and also i come to know that several senior citizens people have been cheated by them.

I requested them several times to return back my all one time policy/fd bond to me but all time they said that my [protected]@24000/-pm was in process at ho and all my bond were required for it. They also told me that it would take time (4-5 months) initially and i would get accumulated interest (4-5 months) in my bank account and all one time bond all together.

When i shouted them that time they have given me 4 nos of above my policy/fd bond by the first week of this month and i become faint by seeing of this said bond.

I found that all of above said one time exide life policy/fd bond (Which they said) are recurring policies like lic which i have to pay for that said term else all policies will be lapsed on 2nd year onwards.
I have not a single paise to pay premium on 2nd year, i had invested all my savings at exide life insurance as per their commitment that i would get [protected]@24000/- pm.

I have no knowledge regarding insurance as well as financial matter and they had taken that scope. I had trusted them.

They had taken my above amount rs.:2048000/- which i have earned from my retirement benefit and that i had kept in my bank as fd. They told me that exide life has started banking business and people could invest here as bank fixed deposit (One time) and interest (10-12%) would be credited in my bank account in monthly basis.

I come to know that one person (Bm) is a big culprit and big cheater who are cheating every senior citizens people by sitting at exide life golpark branch, kolkata office day to day. And exide life insurance are supporting his all fraudulent activities. He can do all this fraudulent activities by getting support from his bosses, they have a good understanding with each other regarding agents/employee's payout which they are taking day to day. He was also doing forgery activities (Pan, aadhar card duplications) by his laptop which he told that laptop had been stolen on 31st march'18. This is very very unfortunate that exide life insurance such a irda listed company are recruiting such fraud, cheater people like that person and have given such a senior label position like branch manager. Every common people like me should trust a branch manager of a listed co.

After taking 30 days of time they mailed that they would not cancel my above policies. Their people called me, i told him that your fraud employee cheated me by getting support from exide co. He had taken all bonds (In sealed envelope position) when that i received. And he returned all bonds first week of last month. I couldn't check their terms and conditions which they are telling now, he intentionally done it, he knew that i must cancel all bonds if i able to see their terms & conditions that time when i received that.

He didn't give me scope for cancellation at free look period.

I am a retired person (63 years old) & got above all money as retirement benefit and had kept in bank (Fd) & was getting interest from bank per month for which i was maintaining my family.

Now i am totally helpless and not have a single paise to buy medicines for me and my wife. We are heart patient and have high blood sugar and high blood pressure.

Kindly aware of exide life insurance...

Yours faithfully,