Reliance life insurance fraud
Sachin P
(Querist) 29 November 2014
This query is : Resolved
I have taken four policies from Reliance Life Insurance as their Broker cheated me. He told me I will get an interest free loan if I make investment in Reliance Life Insurance.. I have taken four policies and amount is Rs. 142,000. He had called me from various mobile numbers and landing line numbers from Delhi. He provided me fake cheque and fake RBI-Agreement letter. The free look period of 15 days of policies is already over and RIL has declined Policies-Cancellations. How can I get my money back from Reliance Life Insurance.
Sailesh Kumar Shah
(Expert) 29 November 2014
write complaint to insurance ombudsman and copy to reliance life insurance and his broker.
ajay sethi
(Expert) 29 November 2014
your cause of action is against broker not relaince insurance .
terms of policy issued by any insurance company give you an option to cancel the police within period of 15 days from date of receipt of policy . if you had been misguided you could have cancelled policy within period of 15 days from date of receipt of policy
Devajyoti Barman
(Expert) 29 November 2014
File a case of cheating against the said agent.
Inform this to Insurance company also.
Rajendra K Goyal
(Expert) 30 November 2014
File case of cheating against the said agent.
File complaint with the insurance company and the insurance ombudsman.
T. Kalaiselvan, Advocate
(Expert) 04 December 2014
It was your mistake for not verifying the details but signed all the papers on mere hear say. You cannot say that the broker cheated you, can you prove it with evidence that he has cheated you?, Now you have no alternative relief than to go with the Insurance company by continuing the policy till it acquires surrender value.
