Reliance Capital — insurance policies for personal loans

Address:

Ghaziabad, Uttar Pradesh, 201014

We would like to inform you that certain people are offering personal loans on behalf of Reliance Capital against insurance policies. These people offer loans from Reliance Capital and in order to avail the loan, customers are cajoled/persuaded to buy insurance policies of Bharti Axa Life Insurance / HDFC Life Insurance. We also have been victims to this fraudulent practice recently and ended up spending substantial amount of money.

Once the policies are bought, these unscrupulous people try to extract more money by different means and the loans are never given. It appears that this is an organised racket which involves insurance brokers, insurance agents, insurance company employees and possibly Reliance Capital employees. They also have a very good network running in Delhi and the National Capital Region.

Based on the information gathered, we have initiated proceedings and would like to involve Reliance Capital also to bring these people to book.

We would appreciate a proper response from your organisation to help us proceed.

Thanks and regards

Pushpa Menon / Rajasekhar Menon
[protected] / [protected]
[protected]@gmail.com / [protected]@gmail.com