Jan 14, 2015 08:41 PM
35846 Views
I was a policy holder under pension scheme for 15 yrs and was paying Rs.10, 000/- p.a. premium. I went on paying for 3 consecutive years from 2008 to 2010 after which I discontinued the payment. When I applied for surrender of policy at their Bhubaneswar Branch in Nov 2014, to my utter surprise they paid be Rs.13562/- after deducting the charges.
I asked them how at least Rs.30000/- was reduced to Rs13, 000/- they could not explain me and advised me to apply for a review of the maturity value without surrendering the policy. Since, I was in dire need of money for my daughter's marriage, I calmly accepted the maturity value.
Today, I repent why I did not open one Recurring a/c in a bank instead.
My sincere request to all sensible citizens, please do not get victimised with such type of Insurance company which cheats common man inthe name of investment market.
Ashok Kumar Sarangi
Bhubaneswar-2
