SBI Life Insurance — Business development manager stated impossible maturity value and cheated

Address:	533106
Website:	[email protected]

In spite of repeated complaining and requesting, sbi life has paid a deaf ear about the refund of my premium. I was informed that rs. 11, 40, 000/- will be the maturity value at the completion of 7 years with an annual premium of rs.1, 00, 000/- per year. This is the first statement made by mr. Tangeti. Ganesh, business development manager, sbi life branch, visakhapatnam.
When i asked that i want a maturity value of rs. 25, 00, 000/- at the end of 7th year to invest the sum in state bank of india with a locking period, of 15 years so that i can get the monthly interest as the pension. As the reply, mr. T. Ganesh has suggested me to give a cheque worth rs.2, 07, 901/- as the annual premium so that the maturity value will be rs.25, 00, 000/- at the end of 7 years. He never visited my house or work place and just explaining me over phone. I requested your kindselves to verify the telephone records for the confirmation of the conversation between myself and ganesh.

There is no one who can explain about the terms and conditions of the policy that i got the subhnivesh endowment policy [protected] and about its maturity value. So, i started enquiring the reality and at last on 40th day, the sbi life executive mr. Narsimham has confirmed that any money beyond rs. 17, 50, 000/- is impossible as the maturity value. I got distressed and started writing to the sbi life higher ups. They were calling me over phone previously explaining some thing which is useless to me and asking me to pay the 2nd year premium and continue.
But as i have been cheated by ganesh about the maturity value of the policy, [protected], i made up my mind not to continue with sbi life and take the cheated maturity value of the policy.

I request your kind selves to interfere into the matter and arrange for the premium that i paid to sbi life.

Thank you sir/mdam