Insurance
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Complaint #1599 — Ravindra Bhaiwal
Filed: 29 Jun 2013 ·
Address: —
Complaint against: Future Generali India Life Insurance Company.
I applied for Free-look refund for my policies 01101931 & 01101969 on 12-04-13. i was informed that free look refund request is denied because my wife is ex-employee of FGI company. I know that insurance company cannot impose such arbitrary restrictions on Free Look refund. I was never informed of such condition when purchasing policy. If they had told me this condition, I would not have purchased this policy at all.
This is a fraudulent practice by Future Generali India. They are not honouring my rightful application for Free Look refund. Despite many attempts on email to seek explanation of this unfair behavior, I only got the standard reply every time, saying \"we would like to reiterate that our decision remains the same and we are unable to accede to your request for cancellation of the Policy and refund of Premium Paid.\" They are holding back my refund on unfair grounds. I want my full refund immediately.