I had taken a plan from BSLI named BSLI Vision Plan on 17/11.At the time of issue their advisor PRAMOD SARASWAT (Mob. 9899042419) Advisor Code DK 1143, explained that though it's plan for my daughter, my family would get a huge lumpsum amount in case of my death. He also verbally assured that the minimum amount my daughter would get at the time of maturity i.e., 25 years is 35-36 lac. On his assurance I took the policy.
Now on verification I have found that it's totally wrong. The person insured is my daughter and in case of my death my family wouldn't get any money till 25 years i.e., maturity of policy; only the premium need not be paid. Further the promise of 35-36 lac is fake and it will be totally company's decision at the time of maturity how much money will be disbursed and it could be as low as 20lac.
When I tried to verify these facts from him he tried his level best to convince me not to surrender the policy and repeated the above promises. He tried to prevent me from taking any other policy from LIC too.
Now although I am surrendering the policy I am at loss of Rs.1- since it will not be reimbursed.
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