Birla Sun Life Insurance – Fraudulently Forced – Review

Subject: Application for Refund of Rs. Two Lacs and Thirty Thousand. It is submitted that in November, 2013, I received a phone call of Mr. Vivek Bhatnagar, Sr. Fund Manager of Birla Sun Life Insurance Company Ltd. from New Delhi. He offered me a policy of Birla Sun Life Insurance Company which will be a non-commission policy and will be provided under Special Promotional Campaign by the company directly to the customers by generating a UNIQUE REGISTRATION NUMBER. This policy will be of Rs.20000/- yearly premium titled “Whole Life Vision Plan” and I will get Rs. 4,85,000/- sum assured after completion of 15 years and pension of Rs. 18,200/- yearly up to the age of 100. In addition to this I will be given a medi-claim card of Rs. 2 Lacs per year value. After this he misguided me that to get this special benefit I have to verify all verification calls on the pretext that these calls will be from agency side whereas this benefit is given directly by the company to the customer and if I disclose it to anybody the company will not provide any such benefit. I invested Rs. 20000/- in Vision Life Income Plan mentioning personal and confidential non-commission code on the documents and received the policy papers. After this I received a call from Mr. Vivek Bhatnagar in December, 2013 that in its meeting which is held once in every five years, the BOD of IRDA and BOD of Birla Sun Life Insurance Co. Ltd. has approved a Special Interim Bonus of Rs. 95740/- in September, 2012 for the policyholders of the Company which will be paid on or before March 4, 2014. He fraudulently misrepresented me that the same amount will be given to me on or before March 4, 2014 if I deposit Rs. 30,000/- in Birla Sun Life Company in guaranteed money back pension plan mentioning personal and confidential non-commission code on the documents. In support to this version, I received an e-mail also from email id -avinashbirla77@gmail.com regarding Special Interim Bonus Notification on 20.12.2013 (copy attached). I again deposited Rs. 30000/- on the misrepresentation made by Mr. Vivek Bhatnagar in “Vision Life Income Plan” mentioning the personal and confidential non commission code on the documents and verified the verification calls as compelled by Mr. Vivek Bhatnagar and got the policy papers. He further misrepresented me that this bonus will also be given to the person who invests one time amount of Rs.50000/- in a Single Premium Policy in Birla Sun Life Insurance Company Ltd. So, I referred three more persons namely my husband Mr. Deepinder Singh, my sister-in-law Mrs. Ravneet Kanwar and my brother-in-law Mr. Kultar Singh. Mr. Vivek Bhatnagar misguided them by saying that this policy is only for one year and they will get bonus of Rs. 95740/- in March, 2014. They were also issued Unique Registration Numbers. All of them were also forced to verify all calls regarding verification and not to disclose the bonus on the pretext that these calls are from agency side whereas this

I should be refunded my whole amount of Rs. Two Lacs and Thirty Thousand without charging any processing fee etc. and that also in one go because I never wanted to get the privilege card of the company because I am a middle class salaried woman who was cheated and misguided by these companies.

Complainant Information
name- satnam e-mail ksatnam43@gmail.

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