Birla Sun Life / Saral Jeevan
Birla Sun Life / Saral Jeevan - selling customer units for insurance premium

I bought Birla sunlife saraal jeevan policy on Aug. I was told by agent, 100% allocation will be done for the premium paid, as birla sunlife was implemented best product to attract customers. and the broacher also stated no money has to be paid other than premium.

Now, Birla sunlife is actually selling the customer allocated units every month at current market prices, stating premium for insurance. Birla sunlife is selling units at lower market prices, incurs more loss to me . i almost lost 75% of the invested money in 1 year. I spoke to birla sunlife customer care, they told, Birla sunlife will sell units up to 20 years of policy period or withdrawal of policy. Policy cannot be withdrawn before 3 years too. I was frustrated on hearing this. It was cheating done by Birla Sun Life to attract customers.

Company: Birla Sun Life / Saral Jeevan
Country: India

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