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False selling

This is a discussion on False selling within the Insurance forums, part of the Financial Services category; I have been done false selling by RAAH Capital (Corporate Agent). My policy No. are 14024139602(SBI), 18169568(Reliance) 000055412(DLF). Mr. Harish ...

  1. #1
    Unregistered Guest

    Default False selling

    I have been done false selling by RAAH Capital (Corporate Agent). My policy No. are 14024139602(SBI), 18169568(Reliance) 000055412(DLF). Mr. Harish Sharma told me that he is from SBI Life Insurance and I have to pay Rs. 30939 for five years but when I received the Policy document it was of 10 years. Then he called me and told about a Plan of Reliance Life Insurance in which he told that I have to pay Rs. 30000 single premium and my Pension will start but when I received the policy document it was of 20 years. Than Mr. Piyush Sharma called me and told me that he is from DLF Life Insurance. He told me that I have to pay Rs. 30000/- as Single Premium and my pension will be started. But when I have received my Policy Documents, it stated that my Policy Payments terms are 15 years.
    When I contacted all these persons they told me that there is no person of this name and they are speaking from RAAH CAPITAL. When I had contacted in SBI Life Insurance Jodhpur Office they told me that RAAH Capital is a Corporate Agent who has products of all Insurance Companies and they miss guide people for their Sales.
    I just want to surrender all my Policies and want to get refund. As I am from a middle class family and this amount was received by my Retirement fund. Therefore I request you to kindly help me.

  2. #2
    Reliance Life Insurance is offline Junior Member
    Join Date
    Mar 2011
    Posts
    12

    Default

    Dear Mr. Sharma,

    We hope our customer care team has addressed your concern to your satisfaction. A representative from our Customer Care team will get in touch with you shortly to understand and offer a suitable resolution to your concern.

    - Reliance Life Insurance

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