[Resolved]  ICICI Prudential Life Insurance — icici prudential policy lock in

Address:

Hyderabad, Andhra Pradesh, 60056

Hi, i was talked into loving rs. 2, 00, 000 from an fixed deposit that was maturing into a prudential life insurance account with the promise of great returns etc. I was not explained that this would be locked in for 5 years. When i decided to discontinue the policy after a year, i was then told that i cannot do it. 2 years later, i am still stuck with the policy, and i see my total account balance reducing due to frivolous charges (About rs. 20, 000) that are not transparent to me at all nor were they disclosed. I think this is predatory practice by icici which should be fixed or investigated by the right authorities. You are risking losing a client for life, if this is not fixed.