Aegon Religare — non refunding of investment amount

Address: Bhopal, Madhya Pradesh, 462003

Hello sir, my name is hemant deshmukh.
On date 30/9/2009 i purchased a ulip plan of aegon religare company. At that time the agent tirath das committed me on behalf of company that my total investment is used to buy the units/shares. Not a single rupee shall be deducted in the form of commission/brokerage. After investing 3 half yearly installments when company provides me the investment summary. I got to know that in every installment a part of commission is deducted. When i visit to the company offc they refused about the commitment. As i stopped it instantly and apply to reimburse my investment. So the company only reimburse me a amount of 8000 on behalf of the investment of 18000.
Take the suitable action against the company n refund my hard earned money so invested which is approx 10000 rs.
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AEGON Religare customer support has been notified about the posted complaint.
Sep 06, 2017
Updated by Yash2000
I made previously this complaint in 2010 too. But still I didn't get any response n result.
 
1 Comment

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Hi, which ever company(insurer) issues life policy which is linked one with market conditions liable to up/Down, besides this there is a fund management charges will be deducted every year out of your investment. Your agent might have misguided that no deduction of any amount which is not hold good & valid just to sell the policy. You may refer terms & conditions of policy document in this regard. Further request for refund before maturity will be treated as surrender of policy & refund will be much less of your investment.

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    AEGON Religare Life Insurance Company Limited, Building No. 3, Third Floor, Unit No. 1, Nesco IT Park, Western Express Highway, Goregaon (East), Mumbai, Maharashtra, India - 400063
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