Skip to main content

Illegal Foreclosed/Foreclosure Charges In ULIP Insurance Policy By ICICI Pru

Mumbai :If customer do not pay premium in first 3 years then ICICI prudential life impose forecloser charges and deduct huge percentage. In an RTI reply IRDA said that it has no such charges as per guidelines. So why IRDA Cleared such products against policy holders interest. Company made thousands of crores by deducting such charges from customers who did not paid premium for 3 years. This is also the story of other companies.

 Correspondence Between ICICI Pru Life and Customer on Forcloser / forclosed Condition

ICICI Pru Life Violated IRDA Norms on Foreclosure 

 Life Insurance Forclosure & Lapsed Charges Illegal-RTI Reply Download
ICICI PRUDENTIAL LIFE BRANCH AT VASHI , NAVI MUMBAI












---------- Forwarded message ----------
From: XYZ@gmail.com>
Date: Fri, Apr 18, 2014 at 7:11 PM
Subject: Re: Re: Re: Policy status Call ID # 68218275 Call ID # 68240255 Call ID # 68284532
To: "ICICI Prudential Life Insurance Co. Ltd" <lifeline@iciciprulife.com>

Sir,

I have asked you that if forclosed charges are not approved by IRDA(in RTI Reply) so How you are charging the customers forclosed charges in the policies? Kindly return the money of customers whom money is deducted as forclosed charge. It is not personal for any customer. 

Regards,
XYZ

On Wed, Apr 16, 2014 at 3:44 PM, ICICI Prudential Life Insurance Co. Ltd <lifeline@iciciprulife.com> wrote:
Dear Mr. ********,

 We refer to your email dated 15/04/2014.

 We notice that you have written to us from an email id which is not registered in our records.

 You can now easily update your contact details by logging on to our website.

Just click on to https://www.iciciprulife.com/customer/ppcInter.jsp and enter your 8 digit policy number, date of birth and follow the subsequent steps to update your contact details for your policy.

Alternatively, you may submit a written request mentioning the new email id to be updated duly signed by the owner of the policy at the nearest ICICI Prudential branch.

To locate the nearest ICICI Prudential branch, click on below mentioned link :
http://www.iciciprulife.com/public/Excel%20files/branch_address.xls

 Yours Sincerely,
Khushboo Patel

 Customer Service Team
ICICI Prudential Life Insurance Co. Ltd.
----------------------------------------------------------

 Policy Number : ******* , LifeTime,UIN:105L013V01 , Email Id: lifeline@iciciprulife.com

 Customer Care helpline No.:1860-266 -7766,NRI helpline No.: +912261930777
© 2014,Reg No.: 105, ICICI Prudential Life Insurance Co. Ltd.

---------------Original Message------------------
Subject: Re: Re: Policy status Call ID # 68218275 Call ID # 68240255 Date Sent: 15-April-2014 Time Sent: 14:55:02 PM Sender ID: XYZ@gmail.com Message Text: Dear Sir,

 Thanks for Forclosed charges details. As The premium was paid for 1st year
only so the company has deducted full fund value as foreclosed charges.
By referring to an RTI reply from IRDA these forclosed charges are not
approved by IRDA. So it is illegal to deduct the forclosed charges. I
request you to kindly return the fund value to the customer.The RTI reply
is in attached file.
Regards,
XYZ

 On Sun, Apr 13, 2014 at 12:28 PM, ICICI Prudential Life Insurance Co. Ltd <
lifeline@iciciprulife.com> wrote:

 > Dear Mr. XYZ,
>
> We refer to your email dated 12/04/2014 for ICICI Prudential LifeTime
> Policy.
>
> Foreclosed
>
> If the full premium for the first three policy years is not paid and the
> policy is not revived within the period of two years from the due date of
> the first unpaid premium, then the surrender value will be paid at the end
> of the third policy year or at the end of the revival period, whichever is
> later.
>
> If premiums have been paid for three full Policy years and after three
> policy years have elapsed since inception, whether or not the Policy is
> premium paying, notice will be given to the Policyholder , the policy
> holder does not pay the premium amount, in this period if his fund value
> reaches 110% or less than that of his first premium paid then the amount
> will be send to customer and the policy will be foreclosed.
>
>
> email Id: lifeline@iciciprulife.com
>
>
> Customer Care helpline No.:1860-266 -7766,NRI helpline No.: +912261930777
>
>
>
> Yours Sincerely,
>
> Atul Verma
> Customer Service Team
> ICICI Prudential Life Insurance Co. Ltd.
>
> -------------------------------------------------------------------------------------------------------------------------------------
>
> Policy Number : ******** , LifeTime,UIN:105L013V01 , Email Id:
> lifeline@iciciprulife.com
>
> Customer Care helpline No.:1860-266 -7766,NRI helpline No.: +912261930777
> © 2014,Reg No.: 105, ICICI Prudential Life Insurance Co. Ltd.
>
>
> ---------------Original Message------------------
> Subject: Re: Policy status Call ID # 68218275 Date Sent: 12-April-2014
> Time Sent: 17:19:01 PM Sender ID: neetasaxena@gmail.com Message Text:
> Dear sir,
>
> Its ok not to give personal reply. One person told me that both policies
> are foreclosed. What is the meaning of "FORECLOSER" in a policy.?
>
> Regards,
>XYZ
>
> On Saturday, April 12, 2014, ICICI Prudential Life Insurance Co. Ltd <
> lifeline@iciciprulife.com> wrote:
> > Dear Mr. XYZ,
> >
> > We refer to your email dated 11th April 2014 for your ICICI Pru policy no
> *********.
> >
> > We noticed that you have written to us from an email id which is not
> registered in our records.
> >
> > You can now easily update your contact details/email id by logging on to
> our website.
> >
> > Just click on to https://www.iciciprulife.com/customer/ppcInter.jsp and
> enter your 8 digit policy number, date of birth and follow the subsequent
> steps to update your contact details for your policy.
> >
> > Please contact us for further clarifications at
> lifeline@iciciprulife.com,
> if any
> >
> >
> >
> >
> >
> > Yours Sincerely,
> >
> > Sunil Chauhan
> > Customer Service Team
> > ICICI Prudential Life Insurance Co. Ltd.
> > ----------------------------------------------------------
> >
> > Policy Number : ******** , LifeTime,UIN:105L013V01 , Email Id:
> lifeline@iciciprulife.com
> >
> > Customer Care helpline No.:1860-266 -7766,NRI helpline No.: +912261930777
> > © 2014,Reg No.: 105, ICICI Prudential Life Insurance Co. Ltd.
> >
> >
> > ---------------Original Message------------------
> > Dear Sir,
> >
> > My family friend Mr XYZ Purchased two policies from your company with
> > policy no. 0******* and 0****** with Rs 1lac and Rs 2 lac premium per
> > annum.
> >
> > Kindly help us to know the present condition of the policies, so that he
> > can re-invest that amount in good funds.
> >
> > Please help us to know the present status and guide us for future.
> >
> > Regards,
> > XYZ
> > 98*******
> > Mumbai
> Attachments: CC Receipients:
>
Attachments: forclosed lapsed charge.pdf CC Receipients:

LIFE TIME SUPER 







Popular posts from this blog

FDA Maharashtra Directory Contact Moblie Number

Food and Drug Administration Directory  DOWNLOAD JUNE 2021 CONTACT LIST PLZ CLICK ADVERTISEMENT TO SUPPORT THIS WEBSITE FOR REVENUE FROM ADVERTISEMENT Field Office Circle Head (Assit Commissioner Address of Field Office Inspector AHMEDNAGAR A.T. RATHOD (7045757882) 19C, Siddhivinayak Colony,,Near Auxillium School, Savedi,,Ahmednagar - 414003 J.H.SHAIKH (9158424524) AKOLA H. Y. METKAR (9730155370) Civil Line, Akashwani Road, ,Akola ,AKOLA H. Y. METKAR (9730155370) AMARAVATI U.B.GHAROTE (9595829895) Office of the Joint Commissioner,Jawade Compound, Near Bus Stand,Amrawati-444 601 C. K. DANGE (9422844477) AURANGABAD S. S. KALE (9987236658) Office of the Joint Commissioner,,2nd floor, Nath Super Market, Aurangpura,Aurangabad R. M. BAJAJ (9422496941) AURANGABAD Zone 2 ...
29 comments
Main news

RTE & School Quota Of Kalyan Dombivli KDMC Region Thane

 Kalyan Dombivali Municipal Region School Quota and RTE 25% quota details received from RTI reply from KDMC Education department. Almost in all the schools free education seats for income below Rs1lac is vacant .The vacant seats are illegally filled by private school in open category by private schools by taking donations. KDMC education didnot taken any action. Total approved strength of class is 4 times of RTE quota. If RTE 25% quota is 25 then approved students limit is 100 students. Means 75 students from general and 25 from RTE 25% quota. In all the schools students are more than from approved strength and RTE 25% seats are vacant. It means RTE seats are filled by general students. As per RTE Act 2009 poor quota seats ie RTE25% cannot be filled by general quota in any condition and at any class. Helpline 9702859636  RTE Admission 
Main news

हिन्दू शब्द वेदों से लिया गया है ना की फ़ारसी से

  HINDU WORD ORIGIN PLZ CLICK ADVERTISEMENT TO SUPPORT THIS WEBSITE FOR REVENUE FROM ADVERTISEMENT हिन्दू शब्द सिंधु से बना है  औऱ यह फारसी शब्द है। परंतु ऐसा कुछ नहीं है! ये केवल झुठ फ़ैलाया जाता है।ये नितांत असत्य है  ........ "हिन्दू"* शब्द की खोज - *"हीनं दुष्यति इति हिन्दूः से हुई है।”* *अर्थात* जो अज्ञानता और हीनता का त्याग करे उसे हिन्दू कहते हैं। 'हिन्दू' शब्द, करोड़ों वर्ष प्राचीन, संस्कृत शब्द से है! यदि संस्कृत के इस शब्द का सन्धि विछेदन करें तो पायेंगे .... *हीन+दू* = हीन भावना + से दूर *अर्थात* जो हीन भावना या दुर्भावना से दूर रहे, मुक्त रहे, वो हिन्दू है ! हमें बार-बार, सदा झूठ ही बतलाया जाता है कि हिन्दू शब्द मुगलों ने हमें दिया, जो *"सिंधु" से "हिन्दू"* हुआ l *हिन्दू शब्द की वेद से ही उत्पत्ति है !* जानिए, कहाँ से आया हिन्दू शब्द, और कैसे हुई इसकी उत्पत्ति ? हमारे "वेदों" और "पुराणों" में *हिन्दू शब्द का उल्लेख* मिलता है। आज हम आपको बता रहे हैं कि हमें हिन्दू शब्द कहाँ से मिला है! "ऋग्वेद" के *"...
14 comments
Main news