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Misselling of policy by Birla Sunlife Insurance Laxman | Insurance | 1 Reply


Mis selling of Policy

Hi ,


This is to let you know that I had a policy with Birla Sun Life under policy number.004521301(old policy num) Which I want to Close and as such I talked about the same with one of Birla Sun Life Executive Mr Abhishek Madan on dated 25/09/2012.and as per the norms I would get my premium paid back along with the interest @ 8% and according to him for that I had to deposit a security of 30000/- which i already paid to him but in place of this he gave me an another policy of 30000/- (005813391)for which is said is a temporary policy and will be refunded in my account soon and also told me you won 20Gram gold coin As company god good profit, on your old policy but you have to pay 20000 as a security to take those coin,but again he open again a new policy(005816824) I waited for this to be cleared and get my premium amount plus interest paid thereon buy after 15 -20 days neither i got my earlier old policy nor I got my Rs 50000/- back, When I contacted to Rajendra place (6 th Floor, Plot No:-23, Agarwal Corporate Tower Rajendra Place, New Delhi-110008) Branch they informed me that it is a case of miss selling and told me to submit a application against the same, I submit my application on 26/12/2012 ,they told me it will resolved within 15days but still I have not get any revert from them, to Take a necessary action and close my 2 new policy with policy num.005816824 and 005813391 at urgent as i am very tense to my money this time and relieve me from this trauma as I need Some money immediately.

Thanks & Regards


Laxman giri


By IndianMoney Experts - 2013-May-24
Dear Laxman, Kindly contact customer care of Birla Sunlife Insurance company at 1-800-270-7000 in order to register your complaint.Read all the fine print properly before buying a policy.Ask all your questions during the 15 day grace look in period.Never look for the two in one options.Either investment or insurance.For any help please visit as it is India\'s only free on call money adviser.
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