To, Online Complaint Forum Date: Sunday, April 21, 2013 Sub; complaint against reliance life insurance company for cheating in policy benefits. Ref; policy number 1651946 dt. 12 april 201 for 2 lacs. & 16519135 dt. 15 april 2010 for 1 lac only. Policy holder Amiyesh Chandra Mathur Bina MP Copy to;reliance redressal cell navi Mumbai. Dear sir, The undersigned has suffered a huge loss upon two policy of reliance life insurance 100,000 & 200,000 rupees respectively for heighest NAV plan in the year 2009 three years lock-in period. Company did not fulfill the commitment given by its BM (Mr.Akhil Aanand Pandey & Neeraj Pathak) & RM (Mr.Pratull Gour of Jabalpur region) to the consumer. The consumer was allured & convinced to become advisor and there after licenciate to obtain commission and benefits of policy schemes and the innocent client complied the conditions of the company officers to obtain the benefits of the policy but at last both commitments became vague and befooling the customer. The client being licenciate got no profit of the scheme and policy laid discontinued it was a regular policy of three lacs but looking no growth and cheating with the undersigned he did not reinvested in the policy. After discussion with the company authorities the conclusion given that advisor can not be investor and if he/she becomes no commission will be awarded for the investment. The undersigned is still in embaressing situation that investment is a business either it is self or of some one else then why he can not be benifited. If the bank employees deposit in their own bank so do they not get interest there upon? even they get extra 1% interest upon their deposits. Finally no commitment fulfilled and when the undersigned went to surrender the policy after three years the surrender value told him with the loss of 76073 Rs. It was shocking to the undersigned that without growth even loss of surrender charges it is less then investment while the company yield its profit for three consecutive years. If the undersigned deposit in FD its interest became Rs.91172 @9.5% PA so total loss of Rs.1,67,000/- so the company should release at least actual fund with no profit no loss & charges should be cut from earned profit there upon. Because the company does not lie it dead. And more over the company officers take in grip to the consumer with faules statement verbally & they easily set back to assume the fault and obeviouly company will take a side of its employees. So there should be taken some strict actions and steps to such deception. Sincerely yours, Amiyesh Chandra Mathur Mobile No.09584062516 Chandrashekhar ward BINA 470113 (MP) Regtn. & licence Number Advisor code number 21055010 Licence number 9021556, 12 march 2012

Regards
amiyesh.mathur@gmail