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Over charging for a policy, I had to do a life insurance in idbi bank with premium of around 30,000

Consumer Complaint ID : CCNO30767   47

Insurance Complaint  Post date : November 2, 2018
  • Region :  Assam
  • Address: BSF CAMP ROAD ,Settelment Road ,Karimganj

I had to do a life insurance in idbi bank with premium of around 30,000 per year ...i did it on 2015..i was told i am just supposed to pay 3 premiums..so in 2017 after i paid total 3 premiums they said i have to pay just one more premium of 2018...so i waited till this year and paid the premium..now after i have paid this premium .my total amount becomes 1,20,000 ..so i surrendered the policy and they returned just 63,000 and rest they say are charges ...this is way too much

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    Complain against idbi bank Ansar Ahmed November 2, 2018

    Already raised the complain against IDBI life insurance fraud..hope i get satisfying response...