During dec’05, based on my lengthy discussion with ING VYSYA personnel, I have invested Rs.2 Lakhs in Future Perfect policy bearing the policy no. 00336741 dated 29.12.2005.

Sales Manager, Mr.Ganesha Lingam had not informed any thing about allocation charges during the process. But he had commited that the investment would have very remarkable growth within 3 years.

When, I was going through the policy document, I was shocked to note that Rs.81,061 /- is straight away deducted towards other charges out of Rs.2,00,000 /- the principal amount invested by me.

Only units equivalent to the left amount Rs.1,18,939 /- is allocated to me, which I asked several times to ING vYSYA personnel through phone and mail, but I didn’t get proper reply (always been told that they would come back). Moreover, the value of my investment as of today is only Rs.1,80,000 /- against the investment of Rs.2 lacs after completion of 4 years and 6 months. This is all because of the undue charges deducted from my principal investment.

No one would apply, if he knows that Rs.40,000 /- will be taken out of Rs.1 Lac towards Insurance company Charges. ING VYSYA have cheated me by not disclosing the charges as mentioned above at the time of taking the policy.

Kindly take up this matter on urgent basis and do justice for the hard earned money of a poor citizen.

Regards,

S.Senthil Kumar,
09218511561