ICICI Prudential life
Wrong Selling

Dear Sir/Madam,

Sub: - Complain Against ICICI Prudential Life Insurance Company Ltd.

Introduction Of Mine:-

I Mr. Dharmendar Sikand, residing at Vadodara of Gujarat State. I am an employee of Indian Railway since last 17 Years.

My father was also an employee of Indian railway, when he expired 2 years back I receive Lumsum amount from his pension & other saving what he has done when he was alive. And I also have some saving amount of mine.

So I had planned to invest this money some where from where I get good returns.

Investment Portion:

When I was planning to invest this money in the mean time I came in touch with one ICICI PRU Employee who is working in Baroda branch his name is Siddharth. Kaluskar. I came to touch with this guy with the reference of my family friend whose name is Mr. Darji.

Then he showed me one policy of ICICI Pru. i.e. – Life Stage Pension Plan (LSP). He said me that you have a Lumsum amount this time so u invest your all money in this policy coz it is a one time so u don’t need to invest as regular basis. I also convince his wording that I have to invest one time not on Regular basis. So I ready to invest all my money in LSP Plan.

But after an year when I received renewal premium receipt from ICICI Pru I was shocked how it is possible, coz I had a trust on Mr, Siddharth that’s why I never ever go through the Terms & Conditions (T&C) of the policy. But when I receive the premium notice I refer the policy & I came to know that this policy LSP is a Regular Paying policy not a one time policy.

Then I try to contact Mr. Siddharth but he did not pick my phone or contacted me back.

(Apart from this I also want to aware you that, after taking this policy I also face one big problem with ICICI Pru & Mr. Siddharth i.e. when market went crashing I called Mr. Siddharth please transfer my fund in safe mode he said ok I continue call him & his manger 3-4 times, he always said I did it u don’t worry about that. But one day when I checked my statement then I came to know they never ever change my fund & coz of that I got a loss of aprox 50% of my Fund Value. Then I complain in ICICI Pru against Mr. Siddharth what he did with me. But I don’t get any good feedback from ICICI Pru off. In the mean time Mr. Siddharth put his resignation in ICICI Pru & left the companies within 15 days after I lodged complain against him. And I am surprised how his senior accepted his resignation if there is any complaint pending against him.

Then I lodged an complain in ICICI Pru customer via mail but after 3-4 months communication from there way I also don’t get any favorable feedback & at last they said we cant do any thing u have to pay your premium. )

Help from Ur Side:-

Just today I came to know about your program (Pehredar), Insurance Ombudsmen & about Indian consumer where you are helping such customers who are facing lots of problem with financial companies especially with Insurance Company’s

So without wasting a single minute I draft a mail in which I describe each & every thing what problem I m facing with ICICI Pru from last 1 year. Because you are my last hope, with your help only I will get justice from ICICI Pru.

And, as I describe I am a Central Govt. Employee in Indian Railway, So it is next to impossible for me to pay next two huge premiums.

Policy Details:-

Policy no

Policy Name

Date of commencement...

Premium Amount

Policy Holder Name

7405700

Lifestage Pension

21/1

149700

Dhamendar Sikand

7478450

''

22/1

149700

Dharmendar Sikand

7421471

''

21/1

199600

Dharmendar Sikand

7336912

''

14/1

49000

Pooja Sikand

7322365

''

10/1

441000

Pooja Sikand

Thanks & Warm Regards

Dharmendar. B.Sikand

201, Pramukh Complex

Inside Sahjanand Kutir

Mujmahuda

Baroda,

Gujarat

(M) 91 9429111133

Company: ICICI Prudential life
Country: India

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