[Resolved]  Reliance Life Insurance - Money Multiplier Plan — Cheating-0% interest free loan against MMP plan

Address:

Pune, Maharashtra

I got call from[protected] ,[protected] (Mr. Varun Sood) & [protected] (Mr. Nikhil Saxena) Delhi . These person introduced themselves as Varun & Nikhil Saxena and calling from Reliance Life Insurance Company Delhi. Varun started me telling about interest free loan against Reliance Money Multiplier plan. This plan is for selective 10000 people as reliance entering into banking sector in 2014. Reliance wants to build a good relationship with these customers & that is the reason they are offering this scheme. After conversation with him, he transferred this call to his senior Nikhil Saxena. He told me same thing and convinced me fully on it. By several follow up with these people they convinced me to get 10 times of loan of insurance value at 0% interest for ten years. i.e.if i will paid 50000 Then RLIC company will give Rs 500000 for 10 years with 0% interest and benefit of insurance policy will go to RLIC. These people also told me that they will give me loan money within 30 - 45 days from date of policy paper receive followed by a welcome kit containing all telephonic discussion (about Loan Policy) & a visit from reliance loan department . So I decided to invest 50,000 & completed documentation and gave required cheque of 50,000 to Reliance collection boy. After that, phone calls are coming from Reliance people for verification, address verification and lot more. I thought all Things are on line and my 50,000 rupees had all so debited from my account in The name of Reliance Life insurance co ltd. My policy got enforced on 2 Nov 2012 (Policy No.[protected] & I received bond on 26 Nov.I started follow up for welcome kit & loan verification department but didn't get satisfied answers. I wrote a complaint to RLI but still date I have not received any satisfactory answers except DIPLOMATIC answers.