ICICI Prudential Life Insurance Co. Ltd — do not buy ulip from icici prudential life insurance co. ltd

Address:	New Delhi, Delhi, 201302
Website:	www.iciciprulife.com

Hello,

I have purchased the ulip icici pru wealth builder in 2014. I was been told that every year till the time of 5 years span of my policy, some charges will get deducted at the time of your premium payment and the rest amount will be distributed in the funds through which the units based on nav will be purchased.

I am tracking my policy from past 7-8 months... My premium amount is rs.100100/-. The actual amount after all deduction was transferred to the funds is rs.94000/- approx.. This is my 3rd installment. So i was informed that 4% will be deducted as premium allocation charges, so it is around 4004 rupees. The amount after the premium allocation should be 96000/- approx... But credited is 94000/-. Don't know what is the other hidden charges applied which was never been told.
The other thing i noticed is my units are getting less than what it was 2-3 months back. I had swapped to debt funds as the performance was very bad in the equity funds. The time i had swapped to debt funds the units value was for money market fund -13475.811 units and income fund was 4320.314 units.

Now when i am checking the no o[censored]nits it is showing for mmf (Money market fund) -13462.211 and if (Income fund) -4315.216. Now i want to know where has the units (13 from mmf and 5 from if) gone.
Today again when i checked the units were reduced to mmf (Money market fund) -13449.211 and if (Income fund) -4309.216. They are aiming to make the money from your money instead of growing your money.

No satisfactory explanation is given in detail, how and why the charges are being applied. If this charges are applied than why it was not informed at the time of policy purchase.

Have already highlight it to irda regarding this as i have very bad experience with icici prudential life insurance for cheating each and every time. Have all the previous mails that had sent earlier but no action was taken from icici prudential team.