ECS Not Processed Monthly – Asking for Lumpsum Payment

Dear Sir/Madam,

In September 2008 I took an ULIP policy from the MetLife India Insurance Co Ltd. and gave standing instructions for Electronic Clearance System (ECS). Only for the first month MetLife debited money from my SB account. However, for the October, November, and December they did not activate my ECS standing instructions.

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Mis-Selling of Insurance Policies at IDBI Bank

Last year, a local branch manager from Chandigarh Named by Ms Rajani kumari from IDIBI has offered some investment option “Guaranteed Return Fund 20001219″ with the pretext that IDIBI has launched a new & limited plan of 10% growth assurance. At that time I was investing into different -Different ULIP plans. Continue reading

ICICI Prudential Life Assure Plan – a Scam

I had purchased the ICICI Life Assure policy (Policy No. 10993210)
from the Vasant Vihar Branch of ICICI Bank in January’09. The policy
has an annual premium of Rs.20,000.

I recently saw the statement and was appalled to see that my ENTIRE
1st year premium has been deducted as premium allocation charges. When
I bought the policy I was told by the banks staff that the first year
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