Abuse of power by Bank managers to sell unwanted policies by blackmails
Signed 4/3000
Online Signatures: 4
To
Finance ministry
We were forced to sign unwanted policies by BOI manager at time of home loan .the bank manager is insurance agent of third party also at the same time .Bank manager is custodian of customer signatures and accounts ,documents etc and yet a third party insurance agent .The manager made us pay 50 percent cost of flat to builder as advance remaining was to be paid by loan but She agreed to disburse loan only after we signed unwanted policies inspite of We already having active policies.non payment of balance by loan would has resulted in loss of advance paid to builder .We were trapped .Complain is difficult as that results in bank purposefully misplacing sale deed documents .Customers gets trapped due to nexus between insurance companies and banks
Connected ConsumersAug 25