Life Insurance Policy Cheating

I want to surrender my policy (Kotak Life Insurance) no. 01190288 . I have paid three premiums of Rs 25000 each.On asking for fund value, i m told that first premium of Rs 25000 is fixed deposit refundable after 15 years only and after paying regular installments for 15 years. At the time of giving policy, i was told to pay three minimum instalments and then take your full money back with minimum 35% guaranteed return. This is big cheating with consumers like us. I want my money back without waiting for 15 years.
more over, i got a call from Mr V K Agarwal claiming to be head of IRDA Bangalore, Employee ID no. IRCRD103411,Transaction ID TXN 374700L,Bonus ID BC 052012. He claims that my policy fund value is about 1.50 lacs due to 100%bonus and this can be taken by opening an Amount Releasing Account and by depositing a payment of Rs 20000 . For this, a cheque is to be sent to Mr Sumit Aahuja, A/154-D, India Infoline, Sector 63,Near Fortis Hospital, Noida-201301. After this, i can get a cheque of Rs 1.5 lacs approx in the month of May 2012.
I presume, all these are fraud things. Kindly investigate and reveal the truth. I hope to be updated with the facts. How can i get my whole money back ?

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.