Insurance companies fraud
I purchased unit linked insurance plan from AVIVA Insurance. I paid three installments and after collecting third installment ,AVIVA insurance returned my third installment in order to deprive me of my savings in Units linked to insurance plan.
My policy No WLG1573871 has units as per company record.As company has deducted many charges still no of units and value of those units is above Rs 300000 ( Rs 3 Lac).But company is offering to settle by paying Rs 27000/ only.
The Ombudsman of insurance advised me to go to court. It is matter of shame that Insurance regulatory authority is permitting this scam and have given go ahead to companies to cheat honest citizens of this nation and depriving them of their hard earned savings.
Regulatory authority must act and save Unit linked insurance plan savings by directing companies to pay value of units as on date without fail. more