tar Union Dai Ichi Life Insurance Company POLICY AMOUNT REDUCED WITHOUT INFORMATIONReport
Please briefly explain why you feel this question should be reported .
This complains is against Star Union Dai Ichi Life Insurance Co. Ltd.
I had taken a home loan of Rs. 10 Lakh from Union Bank of India, Sevoke Road, Siliguri branch and for which the bank asked me to take a Term Insurance of the loan amount and referred Star Union Dai Ichi Life Insurance Co. Ltd for the same.
I approached the insurance company for the same and their agent told me that the premium would come to Rs. 23800. I gave him the cheque of the said premium amount.
Next day I was told that I had to undergo a small medical checkup which I completed too.
Few days later that agent again called me up and told me that there were some problems in my medical checkup, so I had to pay extra Rs. 5000 for my Insurance Policy to come to force.
But I told him straight away that I am not going to pay any extra single penny and don’t want to buy any policy and asked the agent to refund back my money.
Again few days later the agent called me up and said that I can have that policy without paying any extra amount but for that I need to come to bank and sign a paper.
Having believed him, I went to bank and signed that paper in the presence of that agent and Bank Manager.
But few days later I came to know that that was all a plan of cheat set up by the agent and actually my policy amount was reduced to 8 lakh from 10 lakh.
I event sent many mails to the insurance company regarding the matter mentioned above but did not get any response from their side.
So having experienced all these, I came to the conclusion that Star Union Dai Ichi Life Insurance Compnay is a fraud and cheat company which is cheating its customers.
SILIGURI, WEST BENGAL