[Resolved]  ICICI Prudential Life Insurance — Wealth Builder II

Address:	Kolkata, West Bengal, 700052
Website:	www.iciciprulife.com

I had gone to ICICI bank Bidhan Nagar branch, Kolkata in early 2015 for opening a fixed deposit. was convinced by an official of ICICI bank to opt for a policy called Wealth Builder II for INR 110000. I had been told that this policy was just like a fixed deposit. However, it involved premiums of INR 100000 to be paid every year. I had mentioned clearly that I would not be able to pay premiums. The official had stated that even if the premiums were not paid, the initial amount paid would function like a FD and interest would be generated. After one year, I was requested to pay premium. When I did not do so, I was notified that the policy had lapsed and I would not get any benefits. I contacted the official and he mentioned that I would get interest in the rate of savings account. I wanted to withdraw the amount but was told that I cannot do no before the term of 5 years ends. Today, I opened the online page of the policy and saw that maturity date is 2025, that is the term is of 10 years and I cannot withdraw the funds before that. Also, the maturity amount is unclear. This is fraud and I want my money back immediately. The policy number is 19132663.