I am Rachit Gupta from Gurgaon, Delhi NCR and am a recent victim of insurance broking firm Vighnaharta Direct Insurance Broking Pvt Ltd. I took SBI Life – Shubh Nivesh policy from this agency and got CHEATED on what was COMMITTED. They told me that I will get 50% of annual premium amount credited back in 3 months. They also overstated the returns that I will get after 5 years maturity. Given that it was SBI (public bank) policy and assuming that they must have been reputed brokers on their panel, I decided to purchase this endowment plan.

But after giving first annual premium cheque, I SURPRISINGSLY got call from the broker saying that, “I will get call from IRDA around policy information and that I should NOT divulge details of 50% premium cash back as it is NOT APPROVED by IRDA and SBI Life Insurance Co. is paying the same as part of promotional campaign. At first, it seemed a bit strange to me but since I had already given the cheque and again considering that it’s a public sector bank, I didn’t take make additional scrutinization at that point in time. I was also given name of a person – Dev Khanna (9136067098) whom I can contact in case of any questions/concerns.

I purchased this policy on 4th Feb’11 and when didn’t see any amount getting credited till May’11 end, I tried calling-up this guy (Dev Khanna) but his cell was continuously switched-off. I even called this landline number (0120-2511753) that was mentioned in the SBI Policy document for this broker, but the same was unobtainable. Then I finally called up SBI Life help line only to learn that this 50% premium cash back thing is NOT part of the policy plan and that I should report this matter to SBI and IRDA in case broker has made any false claims.

When I did net search for this broker, I was shocked to find out the number of people victimized in similar fashion and even astonishing was the fact that this broker is still freely transacting with people with any strict action taken against this firm.


Rachit Gupta
+91.989.922.9913