Shubh Nivesh — Mis Selling of Shubh Nivesh

Address:

Gurgaon, Haryana

I was contacted by SBI Daryaganj Branch in October 2013 for this policy. At least that what i was told that they are calling from SBI Branch in Daryaganj. I liked the policy and its benefits and decided to call an agent at home.

This is where the problem really started, the agent explained me benefits, like a 10% discount, a Medical card etc etc and the day i received the policy documents, there was nothing that was mention about the above extra benefits. I got in touch with the person concerned KANIKA - [protected] who works for BONANZA ADVISORS who kept on pushing me for 15 years of policy as compared to 5 year which i wanted at the typing of buying.

I have a read complaints about this already that the consumer shall receive a bond paper in 3 or 6 months, which is complete . The policy document in itself is a bond paper and i realised it when i spoke to head of customer service Sbi, who mentioned that, these agencies use these added benefits to sell these policies to us.

In my case, i could not use the free look option as i kept waiting for that so called bond paper.

Suggestion to every person who wants to buy - please dont buy it through agents, or if you do, please make sure that you read the policy documents when you receive them and if it what was not promised to you, please dont wait for that virtual bond paper and use the freelook option. I couldn't do it, but you should.