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Amol Hadkar on 01 July 2017
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Heavy surrender charges on ICICI pru life policy

I had opted ICICI Pru life insurance - invest shield policy no. 7445 in Feb. 006. I had invested INR 2000 monthly for a period of 32 months. After 32 months because of some problem I had stopped investing. So my total investment was INR 64 000 and current fund value as per ICICI Pru life statement document March 2017 is INR .48.

I had surrender policy in May 017. On 23rd May 2017 I have received INR .65. After asking them regarding the amount I have received

they emailed me below justification.

Total Fund Value: 0.48

Less service tax: 8.69

Less SBC: 3.88

Less KKC: 3.88

less surrender penalty: 6.38

Amount paid to you: 7.65

ICICI Pru life insurance has imposed huge surrender charges on me. As per policy document it is 20%. I am thinking of going to the consumer court and raising a plea against this corrupt practice in case surrender charges for me are not waived.

ICICI Prudential Life Insurance

Dear Mr. Hadkar

We have made a note of the details. Our official will get in touch with you.

Regards

Team ICICI Pru Life

http://www.iciciprulife.com


ICICI Prudential Life Insurance

Dear Mr. Hadkar

We understand that our official has contacted you and is addressing your concern.

We appreciate your patience.

Regards

Team ICICI Pru Life

http://www.iciciprulife.com


Amol Hadkar

Noted !!


Amol Hadkar

Waiting for update on my concern


ICICI Prudential Life Insurance

Dear Mr. Hadkar

We understand that our representative has contacted you and assisted you with your concern.

Is there anything else we may assist you with?

Regards

Team ICICI Pru Life

http://www.iciciprulife.com


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