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Birla Sun Life ULIP

This is a discussion on Birla Sun Life ULIP within the Life Insurance forums, part of the Insurance category; Dear Sirs, I would like to bring this to the general public that not to get cheated themselves. I have ...

  1. #1
    kallappabk is offline Junior Member
    Join Date
    Jan 2009
    Posts
    1

    Default Birla Sun Life ULIP

    Dear Sirs,
    I would like to bring this to the general public that not to get cheated themselves. I have a two ULIP with Birla Sun Life & I had given a application to Birla Sun Life to reduce my both policy Premium amount for 2nd year & 3rd year. Application is being sent through mail on 14/11/2008 by scanning written application duly signed by me. Even I asked the customer service through phone on toll free & updated to the executives. There was a call from Customer service about confirmation of the reduction of the Premium amount from January 2009 onwards. But still I have recd alerts from BSL that to pay the amount as earlier year. Again I had phoned & enquired at Customer services & confirmed. It was not updated & they said it is not updated & to give the fresh written application along with the payment. When I called today also I did not get a proper response from the executive named Ms. Puja. If we are getting this kind of response & this kind of service how customer to believe?. I asked her to connect to their superiors, but she cut the line without connecting. I had contacted my agent & she also got same kind of response. If this is a service they provide why government is allowing to run this kind of companies? How can I bilieve these companies?
    Please give me solution how to come out from this & let the public know this kind of cheatings. What is the method to guide the public not to come under this kind of problems.
    Will I get a justice? I would like to know the reasons & solution from Birla Sun Life company.

    Regards,
    Kallappa Koradur
    9881093893

  2. #2
    Unregistered Guest

    Default Cheating by Birla Sunlife Insurance Co

    Policy No. 002198599
    Birla Sunlife Insurance Company Limited. Bokaro, Jharkhand Branch.

    Hi All,

    I have taken a policy from Birla Sunlife Insurance Limited, with a Half yearly premium of Rs. 8280.50, as on 13-11-2008 and after expiry of one year when I not got any account statement I consulted for the same via Customer care and E-mail, after getting account statement I surprised to see the charges, they per month deduct about Rs. 528.15 as administrative charges from my account, which became more than 50% of my fund invested and in this way I am not getting any thing from my fund instead of getting any benefit my hard earned money is being deducted as administrative charges. This is clear cut case of cheating, Executive of Birla Sunlife also not told about this heavy charges at the time of policy, don’t take any policy from Birla Sunlife Insurance company, they are big cheater.
    I want to know that how I can make an effective complains about this fraud and cheating case.

    Rakesh Kumar Singh

  3. #3
    Investor Guest

    Thumbs down Birla Sun Life Tax Saving Fund

    Dear Friends,
    I have invested 70,000/- in the tax saving policy and now after 3 years i am at loss. My purpose of saving has got me into huge losses. I am now getting quite less amount on the amount that i have invested. I suggest all not to invest in Birla Sun Life Funds, and invest in some other funds.

  4. #4
    admin is offline Administrator
    Join Date
    Sep 2008
    Posts
    2,967

    Default

    Hello friends,

    As per I think, Investing in mutual funds are very risky, we must read terms & conditions and other relevant document before investing.
    Regards,
    Admin,

    ** PMs asking me for support will be deleted unless I've asked you to PM me with additional details **

  5. #5
    Naresh Agarwal Guest

    Post policy no.3653681

    Dear Sir,
    I am give the last warning of your company on behalf of my rejected policy payout Rs.25000/- which is long still pending for refund my rejected policy no.3653681.
    Firstly,I am very upset to your co. which is not responding of my 3 & last warning for your employee (Mr.Vikash Dobhal,SM)who is not taking serious & not giving response any further inquiry.
    Plz find attached file which is deposited hard copy in your branch on date 04/02/2010.
    I am not responsible for any legal action for your employee & company.

    plz revert today without delay .


    thanks with regards,
    Naresh Agarwal
    Haridwar
    9897902415

  6. #6
    master.kumar91@gmail.com Guest

    Default about your registration by IRDA

    i want know are your company registered for insurance for ulip plan ?

  7. #7
    ramnele1@gmail.com Guest

    Post mr. santosh

    mujhe mr. santosh se complian hai ki wo apana email id check nahi karate.plz wo apana email check kiya kare.

    from
    block 9
    bokaro

  8. #8
    Unregistered Guest

    Thumbs down Dont invest, pay tax and let Govt can build the infrastructure!!!

    Birla, Tata, Bajaj, etc.. all private organisations are cheaters, best go for LIC or SBI,
    You better pay Tax instead of investing in private organisations , that way govt can do some good things for you

  9. #9
    gunasekaranmca Guest

    Default cheated by birla sun life

    Dear Friends,
    I have invested 25,000/- in the tax saving policy and now after 1 years i am at loss. My purpose of saving has got me into huge losses. I am now not getting amount on the amount that i have invested. I suggest all not to invest in Birla Sun Life Funds, and invest in lic.
    I met an agent from behalf of citibank . he convinced me to hold a policy that after 3 years or 5 years you will get the money if you want , Now they are telling yours are term 20 years plan . you have to invest upto 20 years. i lost my hope on birla sun life . so i decided to stop investing further . if i close the amount after 3 years . i will get 15 k instead of 75 k . the loss is 60 k . let it be loss is 25 k . i cant follow upto 20 years . birla sun life will not be there at the 20 th year. so i am begging you all dont go for birla sun life and also birla product. After that god also cant help you .

  10. #10
    POOJA RANI is offline Junior Member
    Join Date
    Dec 2011
    Posts
    1

    Default Enquiy

    Sir,
    i am a policy holder of birla sun life insurance i have take an policy but i do not know about this because my father have done my policy formalities so i want to know what is policy and what benefits i have and what amount i have and others my policy no is 002985652

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