Reliance Life Insurance — fraud company lier agents

Address:

New Delhi, Delhi, 110045

It is a FRAUD company. Please DON'T INVEST A SINGLE PENNY in any of their policies. Please read very carefully.

Their agents are blatant liars. They will come to your home and lie on your face in the broad daylight. Looks like Reliance has invested huge sums in their training on how to lie to the customer with such great confidence.

Customer service is a joke. They keep sending you the same email. Their customer service representative doesn't know anything about their policies.

All in all, this is a sham business. They will tell you a very attractive plan, take your money, send you a very confusing document in the name of policy where nothing is mentioned clearly. They have managed to word their policies so well that it looks like whatever the agent told you is just about right but it isn't. Nowhere in the policy, you will be able to figure out what exactly you will receive at the end of policy or when you surrender the policy after 3 years lock-in period. You will have to trust the agent.

If you call customer service in the first 15 days they will tell you the same benefits as the agent told you. This 15 day is free lookup period as per the policy post this you can't do anything.

So you will then forget everything and move on until a couple of years passes. Later, you will probably want your money back to invest it somewhere else or anything else. Now the real story starts.

When you call the customer care, now they will tell you a different story, and when you hear that it will make your blood boil with rage. They will tell you that if you surrender the policy you will get a meager amount back.

When you take the policy their agent will tell you that you will get money after 3 years according to this formula.

Total Money = Sum Assured * No of Premiums paid / No. of Total Premiums + Guaranteed Bonus Add on + Surrender Value.

This is a very good amount but the trick is you will never ever get it. You won't even get half. Not even a quarter of this amount. This is the reality.

For example, if I consider my case, My EMI is 60k pa and total no of premiums are 10. And I was told that if I surrender after 3 years then according to the calculation table in my policy I should be getting

528, 840 * 3/10 + 31730 + 86747 = 277129/-

But in reality, the formula was

1st premium gone + 30% of 2 premiums = 36, 000.

Can you see the difference? It is 20% of the amount you have already paid them (forget about any interest).

So you paid them close to 1.8 lacs and you get back 36, 000. Isn't that a joke?

BUT IT ISN'T. IT IS TRUTH.

SO IT'S A HUMBLE REQUEST TO EVERYONE, THAT PLEASE DON'T INVEST A SINGLE PENNY IN RELIANCE ADA GROUP. THEY ARE GOING TO SUCK ALL YOUR HARD EARNED MONEY.

AGENT NAME : DEEPAK
PHONE +[protected]

This agent is one hell of a fraudster. He looks very decent and he looks like he comes from a good background so you kind of put your trust in him. But please no mistake. He is a monster who is trained by Reliance to suck up your money.