ICICI Prudential Life Insurance - Lifetime Super pension
Misled ICICI staff

Dear Sir,

As per the ICICI bank staff, my father opened an Super Pension scheme on behalf of me. ICICI staff misled quoted and never mentioned the proper terms & conditions such as initial charges, every year charges and other terms and conditions..

ICICI staff misled my father by stating that this will be doubled in 3 years and it's a life long super pension scheme with no fine prints.

I heard lot of complaints about it when I was abroad and decided not to invest in it further in the second year after hearing horror stories and I wasn't able to do anything as I was located abroad. I was able to review this only after one year and half duing my vacation in Dec and got shocked after reading terms and conditions which was never went through by ICICI staff or supplied to us to read about it before even we opened the account.

I think ICICI bank should be sued for misleading customers without providing proper and accurate information. They should thoroughly make understand the customers, such as my father, who opened this account for me by misled quote by the ICICI staff.

I would like to understand if I can get my premium back from them.

Thanks,

Padmanabhan