[Resolved]  ICICI Prudential Life Insurance — Misselling of wealth builder plan

Address:

Chennai, Tamil Nadu

My wife owns a Super Pension policy 06745076 for that premium was due on 19-Nov-2013. On 18th November I got a call from ICICI call center and they asked me if I would prefer some help for improving the profits of my policy and I said ok. Few hours later two persons met me and told me not to pay the premium. They told they would take over portfolio management of the policy and bring maximum benefits. I told them I dont need any new policy for that they said its not a new policy. Next day they came to my house and took details of my credit card and told me they would come back after 15 days to set up everything and insisted I should not pay any more premiums.Next day 30K Money was taken from my credit card I got a reference number from icici. As per them, After this 30K, subsequent allocation will be done from the existing policy of my wife. Since she was not available at home then, they made me as the proposer. Later on it became difficult to contact them. I sensed some problem so contacted ICICI pru call center yesterday. I now learnt that a new policy wealth builder is under proposal with the reference number I gave for which premium is 25K not 30K. She told me to go to a branch for cancellation if I dont want. But for the existing policy of my wife, she has to pay the premium immediately. Ref no OS00047971. My Phone:[protected]. I will get the new policy cancelled whatever loss it may cause as a punsihemnt to be so foolish. Whoever read this please be aware of such marketing frauds. Thanks, Ramesh