Policy Bazaar — fraud by policy bazaar

Hi,

It seems like we have been cheated by policy bazar. We were looking for investment mutual fund plan/ your agent contact to us and offered investment plan and said it is insurance cum investment plan and he also share other details as well. He also committed that policy can be broken at any time without any locking period as it is investment plan. We agreed and taken the two policy.

Today i contacted to company and asked to break policy they said its insurance plan and locking period is 5 yrs and if surrender before 5 year no refund will be given.

It look like loss of 20k for me. Luckily today i discussed both companies for which your agent has given us the policy and they shared the actual plan otherwise i would have lost more money.

It's good as i have all document which is enough to proof that fraud has been done so i can file police complaint and reach out to consumer court.

Policy team: pls let out on this to resolve the issue or i need to take necessary steps.

Policy :

Regards,
Mohit
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