[Resolved] State Bank Of India [SBI] — sbi shubh nivesh endowment policy - sbi not paying customer even invested amount by fraudulent calculation

sudhakaran pai

from Mysore, Karnataka

Oct 13, 2017

Address: Mysore, Karnataka, 570026

Policy number [protected]
This policy taken for 5 years by paying monthly total premium rs 3973 (Includes rs 120 service tax +cess) totally i have paid 2.38 lakhs over 5 years
Now they have come with calculation saying i will get back 2.35 lakhs.
This mean no interst on savings and i am screwed of even my invested amount. This is a big fraud being committed by sbi insurence
I do not know who this mad persons in sbi made this policy. This is day light robbery of poor customer
Please do proper calclation and pay the interst and return the invested amount.
Sbi claims assued returns in their policy ads all #

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Dec 5, 2017

Complaint marked as Resolved

State Bank of India [SBI] customer support has been notified about the posted complaint.

Verified Support

Oct 16, 2017

State Bank of India [SBI] Customer Care's response Dear Sudhakaran,

We acknowledge your concern. Our team will connect with you shortly for further discussion.

Thanks & Regards,
SBI Life Insurance - Customer Care

Oct 25, 2017

Updated by sudhakaran pai SBI has only given old standard prepared reply. It has failed to provide the details I have asked for .My invested money and interest they have not given back. Showing some calculations, justifying robbing the customer even invested money is day light robbery of poor investor. I suppose this is how SBI lending money to high end criminals taking huge kick backs...?
Please refund properly with interest and paid up money.

Oct 29, 2017

Updated by sudhakaran pai I am shocked to receive a cooked up data of my premium paid by SBI as the data doesnt macth with payments made. They have not only failed to pay my invested mpount by fictuous calculations, I am horrified to receive cooked data file of premiums paid .
This is not at all acceptable from SBI . Please stop playing with customers paid up money .Give the correct account. This is fit for court case and penality and compensation for the mental stress SBI is giving

Verified Support

Nov 01, 2017

State Bank of India [SBI] Customer Care's response Dear Sudhakaran,

With regard to your concern, a detailed reply has been sent to your email address recorded with us. For any further assistance or clarification please contact us at [protected]@sbilife.co.in

Thanks & Regards,
SBI Life Insurance - Customer Care

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Comments

sudhakaran pai

from Mysore, Karnataka

Oct 29, 2017

I have received a data sheet from bank which doesnt tall with my paid up premium reports. SBI has shocked me again by showing some wrong data as my paid up report. This is the type of service I get for having invested lakhs with SBI and they have used to enjoy it free of cost and dosnt care if customer is shocked to wrong data given SBI office.This is fit case for consumer court.
Please do justice and dont force me run piller to post to get correct report of even premium collected