ICICI prudential life insurance
PRODUCT NOT ACCORDING TO PROPOSAL

I received a telephone call from above said company's Sn.representative on 27/06/09 and they give me the detail of new product that if i paid min.for a period of three years a sum of Rs.15000/ half yearly, Co. paid min. interest @ 14--16% and maturity value after three year will be above Rs, one lac thirty thousand. On giving verbal consent, Co.send their local representative Mr. Gorav (M.Ph.9646706376), who reach with in 30 minute same day. I told him detail on which i gave my consent and asked him to fill the form accordingly. After few day again i received a call from Delhi and she verified the facts, the period informed me by her is five year which is incorrect so i informed her that i paid only for three years and on the expiry of this period i want to received back the product. After the lapse of more than 2month i received Life Insurance bearing No.12227722 and the period as per letter "As per our record the term of your Life StageRPis10year". As per condition no. 2.2 if policy surrender after 3years surrender charges will be charged@ 4% of the fund value. Policy certificate shows" due date of last premium:26/02/19". Thus this is clear cheating I want to refund with interest and penalty.

Company: ICICI prudential life insurance
Country: India

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