[Resolved] Tata AIA Life — Harassment and wrong commitment by management while releasing agent commission.

rajatchau

from Kolkata, West Bengal

Address:

Kolkata, West Bengal, 700001

I am a retired man, 60 years old. TATA AIA KOlKATA, Mango lane office sent me an SMS during AUG, 2016 offering attractive remuneration with a position as DEV.MANAGER/LIFE PLANNER and I agreed as I wanted to keep myself busy with some honest earning as I did throughout my service life. They gave me initial training and after I passed agent exam.and obtained license, they started insisting me to invest money from my own pocket(rs.1.25 lacs) to get a position of Leader . I did so by mistake encasing some amount from my retirement fund and took SIP policy in the name of my daughter which attract 35% commission.

Now that 45 days passed, and when I asked about my commission, the management replied that I have to do another minimum 06 no. policy to get my initial commission as it is a 'self source fund'. I WAS NOT TOLD THIS BY ANYBODY EARLIER AND RATHER THE MANAGEMENT INSISTED ME TO INVEST MORE FROM 'SUCH SELF SOURCE FUND'. SO I AM NO MORE INTERESTED TO MAKE POLICY OF OTHERS AS I LOST FAITH ON THIS ORGANISATION AS THEY MAY DENY MY CLIENTS CLAIM IN THE SAME MANNER AND MY CLIENTS WILL NEVER FORGIVE ME.
I have lost my hard earned money including my commission and my policy also does not have any value as they will deny the same under some pretext or others while surrendering the same.
I wish that nobody like me get misguided in TATA AIA as I experienced it in my own life. IT is big big fraud association.

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Nov 10, 2016

Complaint marked as Resolved

Dear Sir, I have not received any mail or information from TATA AIA office as on date and hence my complaint has not been solved. This is for your information. Sir, please help me to get back my wrongly invested amount as I am a retired person and it was my hard earned money. regards RAJAT.

Tata AIA Life customer support has been notified about the posted complaint.

Nov 07, 2016

Updated by rajatchau Although it is showing resolved in your site but nothing has happened till date. No information from the TATA AIA company as on date. Hence is not resolved yet. It is for your information.