[Resolved]  Reliance Life Insurance — policy survival benefit less than paid amount

Address:690574
Website:www.reliancenipponlife.com

Policy number : 17451273
Reliance cash flow plan (As name suggests it will flow off my cash)

I have a taken a policy for 7 years in 2010 august, and total amount paid as premium is rs 69000 /-. As this policy is a money back i got 26500 /- in 2014, and now as on maturity date the balance amount to be paid by them is rs 35000 /-.

Ie. 7500 /- less than the amount i have paid*

Still i cant understand, why should i give my hard earned money to them and from 2010 and now taking 7500 /- less than what i paid.

When i takes this policy, the policy document mention i will get additional bonus at the end of the policy. I am not asking for any bonus or any interest for the amount i paid from 2010, but you can return me at least the amount only i have paid.

I genuinely advice all to keep away from such frauds.
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Aug 21, 2017
Complaint marked as Resolved 
Reliance Life Insurance customer support has been notified about the posted complaint.
Verified Support
Jul 21, 2017
Reliance Life Insurance Customer Care's response
Dear Sir,

Your grievance has our full attention. Rest assured, we will resolve it at the earliest.

Regards,
Reliance Nippon Life Insurance Team
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