Hi I am very disappointed with the way the insurance division of IIFL (INDIA INFOLINE INSURANCE DIVISION) sell their policies. Recently I have been misguided in 2 cases where I been offered to invest in one policy against some guarantied maturity benefit through Build India Fund concept. When I got my policies the broker code was 20826820. I ended in investing in the same plan twice whereas I have been told that my previous policy would be transferred to some RTGF fund from Traditional fund. Insurance advisor told me that after starting a fresh policy I will get back the previous policy closure amount via Build India Fund. I dont know why these people try to sell their by making such vague promises. They are just giving bluff in order to fullfill their target. I hope the higher management will look into this. Even the insurance companies are geting complaints against India Infoline Insurance division. Is there any way to stop this?
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