SBI Life Insurance — looting the customers money-on surrender of policy

Address:

Hyderabad, Andhra Pradesh

1. my sbi life policy no.[protected] 2. name: p. ravinder reddy 3. type: money back policy IV 4. date of 1st premium: 7.12.2010 5. yearly premium: Rs.45000/- 6. date of surrender: 7.4.2015 I have paid a sum of Rs. 2, 25, 000/- in total for 5 premiums. and an amount of Rs.48, 000/- was paid to me as money back policy. now, on surrender of the policy I got only Rs. 66, 014/- in total. This is very much injustice to a cumstomer that too by a national bank. I didnt even receive 1/3rd of my own amount, leave alone the interest part. this is nothing but day light cheating the customers. while joining the policy the agent told lucrative amounts even on surrender. but the situation is dark. i am going to ombudsman also if my paid amount with interest is not refunded