Miss selling by Agent of AGEON RELIGARE LIFE INSURANCE

POSTED BY gomzee_abs ON April 15, 2014 6:45 pm COMMENTS (3)

I had a policy with Religare Life, I paid only one premium of 50K. my previous ULIP policy was terminated (due to fund value) and amount of 25606/- payable to me as surrender value. I got the call from delhi and asked to send cheque (1lakh) and documents to avail this loss or amount.

To get refund my loss, I send the cheque and document to agent and company issued new policy but I had not signed any proposal form or quotation which is in new policy Kit. Than i write letter to company on 31/10/2013 that please cancel my this new policy which issued out of my knowledge, but company don’t agree to cancel this policy.

3 replies on this article “Miss selling by Agent of AGEON RELIGARE LIFE INSURANCE”

  1. ashalanshu says:

    Dear Viren, it’s not the one off case. 🙂

    Thanks

    Ashal

  2. Viren Phansalkar says:

    Ashal, isnt this similar to what Subra had mentioned few months back?
    OMG, it is real then 🙁

  3. ashalanshu says:

    Dear Gomzee, please file a written complaint with IRDA and insurance ombudsman.

    Thanks

    Ashal

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