[Resolved]  Future Generali Pvt. Ltd. / Ulip — Misselling of product/ Fraud

Dear Sir,
I bought ULIP plan of Future Generali Pvt. Ltd. I was told that I have to pay premium of Rs. 11000 per year for 5 years and then after 7 years my policy will get matured and i may get my money and also if i wish to surrender my policy in between the term period i will get the increased amount of my total last premiums. The fraud was started at this moment only. I received my policy after 1 year and then I came to know that it is for 20 years i.e I have to pay premium for 20 years. I talked in the branch for 10 years and told about promise done with me by the person at the time of taking Policy. They said that something may be done after 10 years only. I paid premium for three years and when i went to pay my premium for 4th year i found the branch closed without any notification. I was depositing my premium at Dehradun branch. I even went to Bareilly, Haridwar but there also the branches have been closed without any information. I asked the customer care for the same but did not get any suitable reply. Then i thought of surrendering my policy. but when i asked for the fund value it has reached to about half of the deposited three premiums i.e. the fund value is Rs. 18000/- for the premium paid (Rs. 33000). How it can happen when the market has been good. I am very much worried as I am working in a Pvt. Institution and this has been very important for me as my earnings are not much.

Please help me in this regard and suggest whether I can submit my case in consumer forum against the person who has sold me that policy as well as against the company.. I am very much mentally stressed by this and was searching the way to get relief. After thinking a lot I am submitting my complaint.

Please help me..