My actual investment is:
08 : 18, 000 for 3 years
2008 - 09: 18, 000 for 2 years
20009-10: 18000 for 1 year
The principal investment is 54, 000,
Considering min interest rate 8%, I would have been earned 10K towards interest, Total 64k, (Refund value)
The agent who pushed me to take this policy assured me that this is a high growth bond and the return will be at least 20%,
And min 3 years lock in period, post which you can break this and you will have good return and minimum you will get 10% return,
However when I surrender it on 27th Jan the Customer care team has called me and informed that the refund will be only 34K,
It means they are deducting 20k from the Principal amount ignoring the interest earned from it,
Hence request to look into this and help me in recovering, and this type of action is not at all acceptable. And also people should be aware of how these type of companies cheat the public in day light without giving proper information while taking a new one,
My Policy number is: RSG1780475
Regards
Dev
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