Dont invest in Birla SunLife if approached by Citi. Review on Aditya Birla Sun Life Insurance

Please Please Please Dont invest in Birla SunLife if approached by Citibank guys.

This is the worst possible financial fraud in India next only to Country Club.

Birla sunlife in itself may be good, but not if approached by Citibank. I will sue citibank if possible when I return to india and if this not succeed, Birla sunlife will have to pay for it. They did this junk marketing and none of those officials exist in their network now to explain the problem. I invested in the plan for a monthly investement for Rs 5250. After a year I called up Birla sunlife to know my savings, they said it is only Rs20000! What the hell. This is because citibank initially invested~65k at the beginning of the year and then recovered the principle amount in terms of monthly payments for the year - AND they recovered the interest in form of an agreement with Birla by taking an intrest of 40000! You know what that means in terms of interest paid? This was not explained by any citibank official.

Until this fraud clears up, please stay away from both citibank and Birla. It is the responsibility of birla sun life to clear this problem statement.

[General rule is(i realised it after this incident) that dont treat insurance as investement. If you really want insurance, invest in term insurance in which you can get higher coverage for the same / smaller premium, but just for one year. At the end of one year, if you are not dead, invest again in term insurance.]

And then I read this review. It was a total eye opener.

Absolute fraud. Please read the review.

https://mouthshut.com/review/Birla_Sun_Life_Insurance-125282-1.html

Bogus claims by BirlaSunlife. In another review, even a previous Birla agent switched to some other life insurance once he came to know about the impending problem.

And if any birla guys are reading this comment please know that in this age of online networking, where people can netowk with a lakh(100 thousand) of people in a matter of hours, birla sunlife will be dead within a few months if you dont take care of this right now. By partnering with citibank you have invested in a swarm of people who will work against you even you show calculations that the returns are higher and that the charges of citibank are valid. Being legal is one thing and playing with future emotions / money of people is another. I myself am sending out personal mails to 30 of my collegues and past collegues. Do you know if these guys send out personal mails to another 20 & another 20, what will happen? Do your calculations. No one in india will buy Birla products. Work quick and fast and save yourself. I will even cc Aditya Birla if I get his email. Clarifying in media will not help later. You guys have conned even media reporters.

Birla sunlife & citibank are a useless combination. They dont take care of their customers. Collect money by doing a fraud and then show financial gains in markets. This can be done by any cheat