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Misselling and refusal to refund

Complain ID : CCN052604   21  

Investment Complaint Complaint Date: June 2, 2021
An executive of the ICICI Bank advised my daughter to invest in an ICICI Prudential Policy and assured her that it guarantees 10% annual benefit.

Policy number:21010743

As she was abroad and had heavy working hours, she could not check the veracity of the claims.

She has invested Rs 2 lakh per year. The total accrued amount now is Rs 8.97 as of 1st June, 2021.

Clearly, the policy was sold to my young inexperienced daughter on false assurances.

Now the company is refusing to refund.

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