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Fraud in sale of policy Pradeep-Kumar | Insurance | 1 Reply

18
May
2013

Sir,
AEGON Religare Life Insurance sold me Life Insurance policies No. 120613552445 and 120613541188.

While selling the policies AEGON Religare Life Insurance mentioned that only one time premium will have to be paid. Also, as per their letter dated Sep 1, 2012 they confirmed the same (Latter attached). Now, they are demanding premium for 12 years which is not possible for me to bear. I want to cancel the policy and refund of the total premium paid. 
They have refused to cancel the policy on the ground that the lock-in period of 15 days is over. I have been chasing them since June when the policies were sold but to no avail. 
Guilty of rendering deficient service leading to harassment of a senior citizen. 
Pls do the needful at your earliest 

Thanks & Regards.

Pradeep Kumar

By IndianMoney Experts - 2013-May-18
Dear Pradeep, Please contact Aegon Religare life insurance at 1800-209-9090 in order to resolve your complaints. Mis selling in insurance is a rampant practice.Do not let it happen to you.Always read the policy documents carefully during the free 15 days look in period.Please look up the website IndianMoney.com for your insurance needs.This is India\'s only free on call money adviser.
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