See attached e-mail to me from ICICI prudencial. It gave a new password for my online account (Life Insurance Policies) to me as well as some other person --whose e-mail ID is appearing in this mail. Although I have not requested for a new password from them. Because of this disclosure that person has made online transaction for my policies by switching my investments online. When I tried to login my account, I could not log in as that person has changed the password. Immediately I put complain about this incident to the company. They gave me new password & when I loged in, found the alredy done online transactions. This has resulted in financial loss to me. I made complain about this & requested the ICICI prudencial to reverse these transactions, but they declined by saying that these are made online by myself.
I believe this is the fraud being done by company's own personal/fund managerss to maximize their profit by swiching investment plan as per prevailing market scnerios.
I want a thorough enquiry in to this modus operandi of the bank. So that they could not play with other customers assets.
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