Aviva Life Insurance / Life long - with Profits
Surrender value less than 70% of Principle Value
- 08-26-2010
- 50
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