[Resolved]  SMC Insurance Brokers Pvt. Ltd. — Cancellation of policy on account of mis-selling from ICICI Prudential Life Insurance co.

Address:

Raigarh, Chhattisgarh

Five (5) policies[protected], 17148681, 17225813, 17269197 &[protected] were mis-sold to me with a combined premium amount of Rs. 6, 26, 700/- PA. Commitment of deposit of amount for ATM machine installation purpose and was security/caution money. Now this is comes into regular policies and ICICI has asking for deposit of renewal premium. Since, I belong to salaried class, it is not possible for me to pay renewals for 7 years and the maturity of 15 years is also too lengthy for me. And I have paid all my savings and have taken credits/loan. You may find whole incident in detailed in next section that I have written step-by-step for your information please.

Therefore, I request you to kindly cancelled these existing policies and refund me my money. I was submitted written complaint/Grievance (No: 63868985, 64152157, 64152218, 64152263 &[protected] to ICICI, Bilaspur Branch, Chhattisgarh on 06.12.2013 (copy attached with letter) with voice recording of conversation (must listen) had with Mr. Sanjiv Bansal / Mr. Ravi Mehta (from SMC). I was requested to convert my policies in “Wealth Builder” policies. But I have received negative response (copy attached with letter) and unsuitable solution form ICICI.