ICICI Lombard is selling insurance policy thorough telemarketing. Biggest catch is that they sell through credit card only. What marketing executive says that they will just block the amount on the credit card and they policy will be said to be purchased only when we make the first instalment. They give a confirmation call to debit the credit card. What they do is they keep the recording of confirmation and not the marketing person. If we don't purchase the policy then they just return you one year premium as they sell two years policy to you. Now we are stuck with the credit card as they will come for recovery and these ICICI Lombard is out by taking the money. I am trying to file a case against them and will what happens and will update. They do this fraud specially with ICICI credit card holders.
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