Birla sunlife Insurance/ Magnifier
Reduce of Unit

We have taken a policy in the year 2006 and our policy has been discotinued on Dec'2008. Before continutation of our policy, I had asked to company office at Jaipur and also Mumbai office whether I continue my policy my old unit has not changed and are same before discontinued of my policy. And any charged may not be deducted during discounted policy period. They have given replied and confirm that our old unit are same and any charged not diducted duirng discounted policy period and when we continued policy our unit give get current NAV. i.e. our old unit was 1900x current NAV. After confirmation from Bombay office we have deposit a cheque of Rs.37500/- on 30.3.2010. After that we have received a statement showing company had deducted Insurance charges and administration charges during discontinuerd period and my unit also has been reduced on the basis of current NAV. In this effect we have loss about Rs.16000/- by way of reduced unit and duducted chareges from ny old amount and current deposited amount.

I let me know whtther company has deducted insuarnce charges and administration charges of discoutinued period and also my old fund/ unit less when we continued our policy. If this procedure is applied by the company it is wrong and company cheating to Investor by both side i.e. deducted charges of dicounted period and also less unit when investor continued policy.

We hope you will see the matter and take immediate action with the company.

Company: Birla sunlife Insurance/ Magnifier
Country: India
State: Rajasthan
City: Bhilwara

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