[Resolved]  Reliance Multiplier Plan — Loan against insurance policy

Address: Thane, Maharashtra

i got call from [protected] Delhi.This person introduce herself as name Megha and calling from Reliance Life Insurance company.She told me about interest free loan against Reliance Money Multiplier plan.After conversation with her she transfer The call to her senior mr vishal mehta.He is telling me he is senior manager of Reliance life Insurance/loan dept.He told me same Thing and convinced me fully on it.

By several follow up with these people They convinced me to get 10 times of loan of insurance value at 0% interest for ten years. IE-if i will paid 50000 Then RLIC company will give Rs 500000 for 10 years wiTh 0% interest and benefit of insurance policy will go to RLIC.These people had all so send me a Reliance brochure where They are writing "RELIANCE MULTIPLIER PLAN-GET LOAN WITHIN 45 DAYS WITH 0% INTEREST'

first it sounds good to ear and any one will attract to it.so i was decided to invest i lac of rupees and take loan of 1000000 for ten years with 0% interest so That i had filled a application form and gave required cq of 1 lac to Reliance collection boy.

after that ,phone calls are coming from Reliance people for verification,address verification and lot more.i thought all Things are on line and my 100000 rupees had all so debited from my account in The name of Reliance Life insurance co ltd.


RELIANCE MONEY MULTIPLIER LOAN SCHEME IS A FAKE,DONT BELIEVE ON IT.


after one month These people are all so asked other documents to me.i had doubt on them so i called customer service no where customer care of Reliance told me That , There is no such type of scheme on Reliance money multiplIer plan and he all so told me i am not the only one person who had phoned to them on This regards.Then i had e mailed This brochure to customer care.Reliance people replyed me ,That brochure was forged and some one make correction on it.He request to cancel The policy asap.After That i check author of that brochure ,There was name mentioned IFGL and file was created on 7Th July 2012.I had spoke with Vishal and Megha again and They try to convince me and involve MR RAVI GUPTA BRANCH MANAGER RLIC.Who had represented himself as a senior manager in RLIC and try to convince me on it .i asked employee no of These 3 guys IE Megha,Vishal,Ravi Gupta They are denied me on it,i ask for company mail id of any one of These guys They are all so denied it,i asked any social network id of These guys,These people told me That They are not using any type of social network site.
Megha- [protected] Ravi Gupta-[protected] vishal mehta[protected]
after That i had gone to Reliance Branch off and cancel my policy .In This branch off i got to know That i am not only person who has cheated on This RELIANCE MONEY MULTIPLIER plan There are approximately 10 people of our area who has been cheated on this same.


I had spoke with Reliance branch off They told me IFGL is a brokerage farm of RLIC and These people are doing unethical work practice to increase sales of insurance products. Now These peoples are not picking up phone and people are Mr & Miss 420 s and Reliance Company also cheater company.

kindly be alert for these MR AND MISS 420 and RELIANCE LIFE INSURANCE MONEY MULTIPLIER PALN
kindly be alert for these MR AND MISS 420 and RELIANCE LIFE INSURANCE MONEY MULTIPLIER PALN

kindly be alert for these MR AND MISS 420 and RELIANCE LIFE INSURANCE MONEY MULTIPLIER PALN
kindly be alert for these MR AND MISS 420 and RELIANCE LIFE INSURANCE MONEY MULTIPLIER PALN

RELIANCE LIFE INSURANCE MONEY MULTIPLIER PALN IS A CHEAT/FAKE
RELIANCE LIFE INSURANCE MONEY MULTIPLIER PALN IS A CHEAT/FAKERELIANCE LIFE INSURANCE MONEY MULTIPLIER PALN IS A CHEAT/FAKERELIANCE LIFE INSURANCE MONEY MULTIPLIER PALN IS A CHEAT/FAKE

RELIANCE LIFE INSURANCE MONEY MULTIPLIER PALN IS A CHEAT/FAKE

RELIANCE LIFE INSURANCE MONEY MULTIPLIER PALN IS A CHEAT/FAKE
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Aug 13, 2020
Complaint marked as Resolved 
 
146 Comments

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Hey Guys,

Thanks for this post. I also got a call from Mr. Srivatsav (Mobile No. [protected]) Delhi. He also told me the same thing to pay 10% of the loan in advance and they will provide 10lakh loan. I am now not going to take this loan.

Thank you guys.
I feel sorry for Mr. wismore he has lost his 1 lac rs but certainly he has saved ours, and explained not to believe on all these nonsense. Today I got a call from a guy called rakesh about "RELIANCE LIFE INSURANCE MONEY MULTIPLIER PALN" when i started asking him questions about the same he said he will pass the call to his senior executive named "Rohit Mehra", he explained me how i can get 10 Lac rs loan and it will be with 0% interest rate for ten years that too without any guarantor or any paper work only i need to give four documents 1)Passport size two photos 2) voter id 3) driving licence 4) PAN card. ( How without knowing anyone's financial strength they can lend money ...first question i asked myself ), when i asked why they are being so generous to me ..;) without any reason he said they will buy a life insurance policy for me against the amount i will pay (1st premium or 10% of total loan amount which needs to paid before the loan gets processed ) and i need to pay rest of the amount 10% each year. After maturity of policy they will get 137% on the total amount ie 13 lac 70 thousand instead of 10 lac from insurance company. Then i politely asked him why dont you deduct the 10% of loan as a 1st premium or 10% of amount and give me the rest of the amount only? then he replied he cant do so its a process and needs to be followed (that time only i understood it's some kind of fraud/fake call) i asked him to send me some documentation for it he said it will be shown at the time of face to face interaction (now i totally understood its a total waste) so i asked him to send me his number and i will give him a call once i will b free.

The office number is : [protected]
Rohit Mehra (must be a fake name) :[protected]


Note: Please dont fall for all these [censored]s no one in the world will borrow money without any interest at least in india ...: )
I was also told that they have shortlisted my number through IRDA. (i was working as policy agent and also cleared IRDA exam not sure but i think its related to it some how). Many thanks guys for sharing your experience and saving others life.

Thanks,
Nilesh
Hello Every one, Thanks for the Information.

I also Got Csimilar calls from[protected], friom VIshal :[protected] offering methe same Laon Against Policy Scheme for 10 years for the Loan amount 3 Lacs and asked me to give the 10% (30, 000) premium amount of the Ploicy for the year.And he convince me for the same.
-Also he emailed me the RIL Broucher.

-After Few min i got call from Atul Verma -[protected] introduced himself from Verification Department.and Verified my Details.
-I asked him to refer one of my friend who is intrested bu he denied and told me after your papaers are processed you can refer your Friend and asked me to give the chq of 30000 for the Policy to login.

-I believed them and was suppose to accept the offer but your information and my Freinds thinking helped me and he found me this forum.
Thanks to my friend and you all for uploding this Fake racket on internet.
Please dont beleive it its really Fake!!!
Hello All,

I also reveived same call from Delhi[protected] from Vishal Mehra and offerd me the same thing Loan againt Policy.
He expalined me the policy Tenure will be 10 yrs and have to pay Premiium of 3000 / year gaints the 3 Lac loan.
He asked for the PAN card and soem more details to processthe plan and asked me for enroling in the Policy by submitting the Documents and Chq of 3000 as the premium for the Policy.
VVishal Also sent me the Relianc Broucher through Email.

-Then the other person Atul Verma : [protected] Called me introducing himself from the Verification Department from Reliance.
-And asked me to verify my details details and asked me to submit the document and a chq of 30000 to the collction guy from Reliance his name is Santosh : [protected].

-I shared this with my Friend and he alerted me about this Fake Racket.
-Thanks to my Friend and all you guys.
-Be alert and dont beleive such calls and get assured from the Insurance company.
I Kaushik Patel has also received a call for loan against policy : Pay premium of Rs. 50, 000 p.a. and will get loan Rs. 5lacs. Talk about interest, they said, interest amount will be adjusted against our accumulation bonus amount. When I questioned about to know his id and to send by SMS, denied. Transferred line to someone mentioning his superior. Questioned him that there is no such scheme introduced by Reliance and I am one of the authority of Reliance . Immediately he has disconnected the line and not after that no phone calls received.
Please make sure 100% and for such case cross check with Company's site about the scheme and phone service Center to cross check to avoid fraud.
I too got the call from this number & asking me to Pay Rs. 30000, they will give us the Insurance Cover of Rs. 240000 & with guaranteed return of 44500 in one year with Dividend of Rs. 95000 which will be absolutely free. I had doubt initially n enquired more on internet & found tht they are fake. Giving the loans instead of Dividends. Please do not trust them they all are fake...
Hi All,

We also got same call from [protected] they told me the scheme and first they told me to invest Rs. 1 lac and 2nd day when i try to enquire about more they reduce amount to 50 thousand and said thy will give loan with 0% int. that is Rs. 10 lac. and will have to pay yearly 1lac in return.
But thank god i said no to them. because somehow i somewhere i was feeleing this can be a scam. so i dint.

Fraud name is: Avi Gupta and 1 more gupta.

please do not fall for such scam.

Thanks
Anup
its reliance guaranteed money back plan
HI All,

3 days back I got same call from Delhi for Reliance Loan for 0% interest rate along with Reilance 100% money back policy, One was a lady I don't remember her name. When I asked her to explain how I will get 0% interest loan, she transfered my call her manager. He explained me all things and I was convienced to go for that policy and loan, but I asked them for whether there office is in pune so that I can meet personally with Relaince people, but he told me that there office is not in pune but it is 100 kms away from Pune. There I got doubt, how is it possible that there is no office in Pune, so Asked them to send me a mail from reliance mail id. He told me that they doesn't have any mail id. After that they didn't call me.

Thanks,
Sandip Walsinge
Hi Guys,

I am also the victim of the same call from various Numbers i.e. [protected] & [protected].

Telling that you will get 0% Interest Loan Upto 2 Lakhs to 25 Lakhs after depositing 10% of the Loan amount. asking to give cheque in the name of Reliance Life Insurance Co.

Thanks to your comments. I am survive.

Thanks

Gautam K.
hi is was also got a call from [protected] the person told me that he is calling from barclays bank and told me about loan against reliance money multiplier plan .

hemanshu
Thanx for providing these information regards reliance money multiplier plan.i supposed to invest 100000 for get the amount 1000000 loan on 0% rate of interest.you people have saved me from this fraud.I think reliance is promoting such type of fakes to sail their policies.

regards,
vivek, pune
I ALSO GOT CALL FROM[protected] FOR ABOVE PLAN..[[protected]@GMAIL.COM]
I ASKED THEM TO MAIL ME SAME PLAN LINK ON MY MAIL. LETS WAITING.
Thank you to all the friends posted here...
I also received the same call regarding 0% interest rate, and now i wont get into their trap...

Thanks you all...
Rahul Sharma (Mob.No.[protected] and Sumit Agarwal (Mob.No.[protected]) are also member of this Reliance Loan Racket. They all are cheater.Don't believe on loan against Policy.Plz think, now a days who can give u a loan of Rs.10.00 Lakhs agt policy of Rs.25, 000/- p.a.Beware of dogs as well as such kind of persons/phone calls.Such type of fraudulent persons must be beaten on chauraha by shoes.

Sunil
Gorakhpur
Hey guys all o[censored] thanks so much.
I was about to give the cheque of Rs. 2 lacs.
Thanks a lot to all o[censored].
-Rupak Marulkar
[protected]
Hi all, even i got a call from [protected] showing me an offer that Reliance is lending a scheme and giving a loan of 10 Lakh to 40 lakh on 0% rate of interest. The scheme they are telling is like...to pay 10% of the loan amount prior to loan approval. Then when loan will get passed pay 10% annualy for 9 years and load will get nill without paying 0% interest rate...
I told them to give me their office branch address & officer name at ahmedabad. i will personally go to their office to meet them but when
i search on internate if these scheme is true, and i came on this page/blog. Thanks guys...and be aware of this.
Hi all,

I am also victim of this fake plan.I got call from 91 [protected] & [protected] Delhi. The person introduces herself as MANSI SINHA and calling from Reliance Life Insurance Company. She told me about interest free loan(0%) against Reliance Money Multiplier plan. I took this policy of Rs. 20000 premium per year. Finally I call in reliance customer care I got to know that there is no scheme like this and after that I got to know that these people cheated me.
Beware about this people.

ITS A FAKE AND CHEATING PLAN OF RELIANCE LIFE INSURANCE..
ITS A FAKE AND CHEATING PLAN OF RELIANCE LIFE INSURANCE..

Dont take.
Thanks guys,
Today i also got a call from [protected], he also explaining about Reliance life insurance gurantee money back plan. I was very much excited about this plan but once i asked how i can verify about this plan like phycical location/branch near the city, they are telling that this plan is confidential and will not enclose any information in any other branch otherwise they will charge some brokery amount.I asked how i can verify about this plan, simply they r saying go to website and check ..finally they are saying my senior executive will talk u later and will explain.
May be they will call later but now i got to know about this so
Thanks a lot, this post saved me by getting cheated by these guys !!!

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    Maharashtra
    India
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