[Resolved]  ICICI Prudential Life Insurance — Delaying repayment for policy 31539954

Subject policy was surrendered and completed the lock in period of 5 Years on 24-Dec-23. Since then, I am regular contact with Back office and Customer care for repayment on my NRE Saving account. Today is 10-Jan-2024 and I have following experiences to highlight:
1 Back office and Customer care are not aligned
2 they claim that repayment was made on 26th but account was frozen.
3 they issued a cheque to my domestic address without even informing the proposer.
4 lack of experience in their team to handle NRE customers.
5 asking different documents at different times
6 asking for unmasked bank statements which is not a safe practice
7 even Today, there is no clarify when the repayment will be made
8 take a note that frozen account in ICICI Pru life record is the active NRE account with ICICI Bank so again there is no alignment between two divisions but policy was purchased at ICICI Bank branch only.
9) back office claim to reach me on mobile phone but I haven't been contacted till date

I am loosing my sleep since the fund is big and repayment is still not assured. Also, policy was surrendered in 2nd year itself so my funds were placed in Discontinuation Funds where also I lost opportunity to grow my investments.

I strongly request ICICI Pru Life Customer Service team to fast track my repayment and also pay out interest on capital for duration 25-Dec to date of actual repayment.

Kind Regards

ref.: Call ID #[protected]; Call ID # 2644877; Call ID #[protected]; Call ID #[protected]; Call ID #[protected] Call ID #[protected] Call ID #[protected]; Call ID #[protected]
Was this information helpful?
No (0)
Yes (1)
Jan 19, 2024
Complaint marked as Resolved 
repayment made on 17th Jan through direct transfer to NRE Account. feeling relived.
ICICI Prudential Life Insurance customer support has been notified about the posted complaint.
Jan 12, 2024
Updated by Sanjeet Parihar
11-Jan-2023: ICICI Pru Life Back Office still trying to reach me on local no. after clarifying several times that I am based in out of India and also shared my overseas contact no.
Jan 12, 2024
Updated by Sanjeet Parihar
11-Jan-2023: I arranged the unmasked bank statement from ICICI Bank and shared with ICICI Pru Life. As of now, all requested docs are provided from my end.
Jan 12, 2024
Updated by Sanjeet Parihar
12-Jan-2024: never ending Call ID #[protected]. new one.
Jan 12, 2024
Updated by Sanjeet Parihar
12-Jan-2024: all requested docs, ID Proof, PAN Card, Unmasked Bank account statements for paid premiums are provided till date. ICICI Pru life to recall the cheque and arrange the payment on NRE account.
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    ICICI Prudential Life Insurance
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    56%
    Complaints
    1331
    Pending
    0
    Resolved
    731
    ICICI Prudential Life Insurance Phone
    +1 860 266 7766
    ICICI Prudential Life Insurance Address
    1089, ICICI Prudential Life Tower, Appasaheb Marathe Marg, Prabhadevi, Mumbai, Maharashtra, India - 400025
    View all ICICI Prudential Life Insurance contact information