Today i got a letter from Aviva indicating that administrative charges have gone up by 5%. Then they assure that preimum will not change since they will be taking care of this in terms of units allocated. This is plain cheating. The end user is not given any detail about options of policy change. They say its as per IRDA rules. May be the rules say that premium amount cannot be changed. So to circumvent this, they purchase lesser units for the ULIP. Insurance companies are big time cheaters in india since the rules and regulations always favour the corportates. Can any one let me know who the government agency to whom i can complain?
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