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25%
1.67 

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Verified Member MouthShut Verified Member
Bhandara India
Fake commitments by company
Apr 11, 2016 08:57 PM 44478 Views

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Hello this is JEET here Exide life Insurance Company named was Ing Vysya life Before couple of Years. My one of close relative takes a Insurance policy from exide life insurance company.


After taking policy he comes to me and tell about the plan but I have some Knowledge about the insurance so I guess that the plan and benefits which was  telling by the company person to my relatives which was totally wrong.


So we go to the agent and asked about the benefits then he re peach the plan but he was not showing any written proof so we go to the branch office and inquired about particular plan but it was so different from which they tell before selling. so we said them for cancellation under 15 days free look period they said yes but they don't do anything for cancellation and 15 days of free look period over. so we face some trouble and our money goes in lose.


Their agent said in this plan customer get loan facility, get pension after policy term, medical facilities, and security to whole family means life cover to all under one policy so I have question to Company why your agent do fake commitments like this. and why company don't take any action against this.


why company recruit person like this? not good for companies market.


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