Inconsumercomplaints.com » Business & Finance » Review / complaint: Aviva Life Insurance / Life long - with Profits - Surrender value less than 70% of Principle Value | News #108322

Aviva Life Insurance / Life long - with Profits
Surrender value less than 70% of Principle Value

The above policy premiums were paid regularly till before June. In June I decided to look at the surrender value and was surprised to see the SV only at Rs. 106, 000.00. Looking at the loss I was making in this policy I decided against further investing and continuing the policy. I paid a total premium amount of Rs.290, 976 and have received a surrender value of only Rs.105, 000, a loss of Rs, 185, 000.

I do not know how I will loose my principle amount despite the market having grown from the 2002 levels to current levels of 2010. I would request you to take up my case as I have received only an amount of approx Rs. 105, 000 as final surrender value on discontinuing the policy in July.

I have definitely been cheated by Aviva Life Insurance Co. Please arrange to address my complaint if possible.

Thank you,

Abraham Moses

Wimbledon Park,

Bldg. No. 4, Flat No 1102,

Near Cadbury, Pokhran Road no 1,

Thane West, - 400606

Cell No. : 9819377898


Company: Aviva Life Insurance / Life long - with Profits

Country: India   State: Maharashtra   City: Thane

Category: Business & Finance

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