Investor-Complaint

my relative is cheated by her sub-broker. the sub-broker through whom she is dealing offline and through whom her dp account is operative, got a new slip book from the dp( which is also main broker company) under excuse of old slip book lost , and also changed the mobile no.of the account holder,where the normally sms is being sent to her at time of transaction from the account. then he sold the equity shares of the account offline to his father (and afterwards presumably sold through stock exchange to encash them ).he did the same with my relative\’s forged signature in slip book as well as in request letter to the dp for new book and change of mobile no. my relative came to know when she checked the holding statement. the a/m involve is about rs.1 lk. she has lodged the complaint with SEBI. WHAT ARE OTHER REMEDIES TO RECOVER THE LOST MONEY? what can she hope from SEBI and how much time will it take?

Bottom line is after hours of calling the Bank from USA I have come to a conclusion to stop the policy and pay Rs 1.50 lakhs as surrender fee, wait for 5 years and pull 20 lakh minus the fee from the Bank. Please suggest me if you have other views

Regards Major Raj Singh

I had ICICI Pru Life stage pension policy, which was taken ,when i was not aware of this blog.

first premium was on 26-MAY-2009, 3 premiums paid already with 30 k per year,presently next premium is due on 26-May-2012..

as there is no insurance part is selected, total amount will be in investment. even though fund performance is medium ,but due to charges,present fund value is around 87k ( total paid is 90k)

if policy is surrender in 3\\\’rd year it is 92%, and 4\\\’th, 5\\\’th, 6\\\’th like that is 94%,95%,96%..
end of 10 years 100% fund value will come.

please let me know, surrender the policy now make sense, or should pay due premium and
surrender it ..

Thanks,
Rama

Hello,
I have came across one very good video by NDTV PROFIT and they were discussing about how builder is not keeping their promises.
My concern is:
Calcuation of loading area in FLAT;

For example Flat with
Super Builtup Area:1000
Carpet Area: 800

then builder says its a 20% loading but actually it is calculated as below:
Loading is : (1000-800)/800 which is actually 25%. and this way they mis selling to consumers.

Now in some cities it is much much more upto 45 to 50%. As a consumer , Are we not eligible to get some transperant data so we can clarify/measure while doing our once in lifetime investment ( for our dream home)?
Should there be any body who regulate / provide guidelines for such things?

I know personally the projects who has SBA is 1300 and carpet area is 800. Now think Consumer is paying for what and what he will get?

This i just would like to bring in notice and for discussion by some law professionals if there is any on this forum.
Thanks
Jig

My husband while checking his hdfc bank account click on tax credit option & there in 26AS he found that Rs 1400 has been cut as TDS for the payment of Rs 14000 in aug 2011 by local govt hosp.
Though he has never visited nor worked there.Also there is no payment of Rs 14000 or Debit of
Rs 1400(TDS) shown in his bank statement.
What should he do now?
Should he complaint at Income Tax office or at local govt hosp.

I have account in one of the brokerage firm of india , i want to ask something about DP charges ,
i have some doubts regarding DP charges ,
my 1st doubt is i hold shares of many company in pool account of that brokerage firm , since last 1 year , but last week when i transfer those shares to my DP account that broking company charges for it .
my 2nd doubt is since last 1 one year i found demat transfer charges if i sold any one of my stocks from pool account of broking company ,
ex: suppose i bought 5 shares of sbi on 5th jan 2012 and i sold that sbi shares on any day lets say on 12th of jan 2012 that brokerage company charges rs 6/- against DP charges ( at that share was in pool account ) then why they charge Demat charges

thanks

deepak

Hello Sir,
In December 2011, i applied for SBI Home Loan(HL) & while filling up the form i clicked for SBI LIFE, as it was optional. Now SBI has sanctioned me HL alongwith SBI RinRaksha Insurance cover. The insurance cover reduces with principal of HL. SBI is giving me this insurance amount @10.5% (home loan interest rate), which they will pay to SBI Life directly. I think LIC’s Jeevan Amulya is a better plan where a sum assured is constant throughout & legal heirs can utilise the rest of the amount after repaying the loan. I have excuted the documents & paid the processing fees. When i got the accepatance letter from SBI, it was clearly written as “optional” . Now when i request them to cancel the SBI LIFE, the bank is saying that i will have to pay the Processing Fees again.Also the document execution will be done again(franking). Kindly advise me , as i am more interested in LIC’s Term Plan rather than SBI LIFE-RIn Raksha

Decided to take Aviva-ilife term insurance plan after reading the discussions and recommendations in the forum . I compared the premiums and disbursement ratios of all insurance companies online and went through the terms of aviva , icici and aegonreligare. I opted for aviva even though they were offering only death benefit (no benefit for disabilities)

I am a 30 year old non smoking male and took an online term plan from Aviva NUP75030457 with a cover of 1 crore for which the premium was Rs.8582 and went for the medical examination. After the medical examination even though everything was normal they have increased the premium by 75% by Rs.6602 which is higher than other policies. When I checked online I found lot of other customers who are facing the same issue and seems Aviva is using the low premium as a means of attracting the customer and increasing the premium at will.

What do you advise – Should I go for another policy or pay the increase premium?

Is there someway by which I can approach IRDA with the issue?

Any other term policy that you recommend?

Hello,

My name is Yogi, staying in Bangalore. My parents stay in one of the village in Maharashtra. One of friend of my father is LIC agent. He asked my father to make LIC policy on my behalf as he needed some financial support. As I was flying away from home for education, I couldnt think much on this transaction. This was back in 2007. I was 25 years old in 2007.

I am paying sum of 42000/- per annum for LIC Jeevan Anand Policy. Recently after coming back to India, I tried to check up details about what happened. I wanted to access online policy details hence approached local office and caught up with same agent. Asked him about details of what has been done with my policy.

It seems agent went ahead and did things for his own benefit. My parents are in old age and didnt catch selfishness of agent. He created 11 policies on my name and my sum of 42,000/- gets divided in such a manner that all 11 policies get paid. After discussing with agent, he said that I made 11 because there are 12 months in Year and you will get money each month !!!! This is disastrous explaination. He did this knowlingly and to raise count of policies he made.

I dont wish to have 11 LIC policies on my name. I feel thats unnecessary. I have been thinking of cancelling all other 10 policies and making up only one policy – easy to keep track of and access.

Can you please suggest what shall I do?

1. whether I continue having 11 policies? Which I personally feel wrong option

2. Or shall I cancel 10 (or different number) and make it one policy?

Your inputs are appriciated.

Regards,

Yogi

Dear Sir,

I have applied for 20 bonds. I have alloted only 8 bonds, and rest amount of  RS 12000 was about to returned to my a/c by NECS. 

I did not received that amount till date. Please tell me how many days will it take and what should i do. 

Manish Yadav