[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

Comments

thanks for sharing this

i had received call just few days back, why there is no legal action yet




santosh
guys thanks to all to write your comments and Experience regarding such type of Fraud/Cheat cases, i too got a call from same source they said that he is calling from Reliance Life insurance company please go through the interesting points-
1-if you have any loan requirement...
2-if yes then he told me lot of things related to loan i.e. it is interest free, all the interest will be deducted from your policy, no extra premium or fee related loan.
3-the policy is also free of cost.
4-various benefits of Policy & Loans
so & so
then they told me to send some basic documents to further process i.e. copies of Voter ID, Pan Card, Cheques as installments ( Yearly or Half Yearly), ITR then send POD no. to get ZMR no. for Loan will be processed further within 45 days.
i told him to send email regarding same scheme of policy but they told me that we are unable to send any mail to outside person than Reliance ?Life insurance company.

at the same time after call i googled than i found plenty of complaints regarding same issue...

once again i am thank full to all above persons to share your experience in this regards.
such type of activities should be strictly prohibited to avoid loss of money and time...

Regards
Tamesh Dewangan
Durg CG [protected]
Hi I got a call from Pooja (Goregaon Branch - Reliance capital) [protected]... with the same issue... dont accept any offers.
Hi Guys,

First of all, thanks for the all youth generation for such type of awareness. I really appreciates the persons who thinks about others - not to be cheated in future by anyone. Since Yesterday, i am receiving same call from [protected], [protected], [protected], [protected], [protected] for Reliance Guaranteed money back plan with a 0% interest for 10 years. The person name is Ashish and he transferred my call to his so called branch manager Mr. Rajesh Kashyap and explain this plan in a same way as above. he asked to invest 50000 (Half Yearly) at a time and get loan of Rs. 10 Lacs within 45 days. Thanks for the above speech, which really saved me from fraud. - Santosh
HI,

Thanks for your post. You saved my 50K. I was almost sold on this offer when I got a call from reliance capital and had planned expenditure of the 5L . But at the right time I read your post and decided not to go for this plan. I would suggest other people also to do enough research before getting in such traps. Nothing comes for free in todays world :)

Thanks Again!!
First of All I want to Thanks everyone who are there in this forum, your sharing has saved me investing money..

Even just 1 minutes before I had this kind of call and there was girls who has explained me about this policy and 0% interests loan against that policy. And I am about to get this loan and planning to submit my document and Rs.30000 tomorrow morning..

Thanks for your sharing..
Thanks everyone in this forum. Your sharing has saved me from investing money this policy and getting loan..

Thanks so much..
hi I am also got a call from RLIC related to such plan from no.[protected] one girl offered me loan against insurance policy. she told me you can get 2lac to 15 lac rs loan within 45 days but you required to purchase a policy of 10% of loan amount . I told her to call me after some days.

when I search on google for this scheme then I got this article.

thanks for save me from trouble

prahlad pawar
Bhopal
[protected]
Sir Wismore,

Thanks u very much for sharing your exp with us and this means a lot for us...


Regards
Ambrish
HI THANKS MR VISMOR AND ALL POST'S HOLDERS
I AM HIREN. SAME AS PER YOUR EXPERIENCE I AM FACE IT
BUT CHANGE ONLY INSURANCE COMPANY

BIRLA SUN LIFE INSURANCE -- INSURANCE COMPANY
BIRLA CAPITAL LOAN DEPT----- FINANCE COMPANY

THANKS TO ALL AGAINST FOR SAVING MY MONEY

THANKS THANKS THANKS
Today, I got a similar call from Ms Akruti [protected] from delhi and they told me about the same scheme as above. I am sure its a scam, please be aware...

Bharat
I Also Got Call From The Number Of [protected].and the lady told me for reliance insurance policy against loan, she told me first give to first premium 30, 000rs and then they will give me loan of 3, 00000. which i have to give in 10 year, every year 30, 000 rs on 9 percent interest. this is totally fraud.
hello friends, i am from surat gujarat and i got similar call of reliance mmp plan offering me loan of 300000 for 9 years repayment scheme without interest. they said the have RBI guidelines to offer loan and also confirmed it Anil Dhirubhai Ambani group company.

i called that person at my office for all verification, i told them the person should have Identification card of the company, they denied saying its local person just lower level person so want have any identification, i asked for their office address the said that will be send to u by SMS on verified number, i m still waiting for their message.
I got calls from these numbers :

[protected]

[protected]
Hi All,

Now these people chnaged their name :) . today they called me and said he is talking from Citi Finance Delhi branch. He told me same scheme like 2-20 lacs loan on 0% interest and I need to pay 10% in advance which they will invest in Relinace Money Multiplier scheme from there they will earn money. so I have asked some basic questions like why dont they invest loan amount they are offering to me in that scheme. Then he said its no way company does the business they need to increase their custmer base thats why they are offering this loan offer to some of the lucky people. I understood this is fake schme.
People Please be aware of this fraud scheme. Anytime you get offer of 0% interest and Reliance name is involved in it is fake scheme. Even no one this world can give you 0% interest loan. So please dont fall for such fraud schmes.
Name of the person called me is : RAHUL SAXENA
Hi All,

Now these people chnaged their name :) . today they called me and said he is talking from Citi Finance Delhi branch. He told me same scheme like 2-20 lacs loan on 0% interest and I need to pay 10% in advance which they will invest in Relinace Money Multiplier scheme from there they will earn money. so I have asked some basic questions like why dont they invest loan amount they are offering to me in that scheme. Then he said its no way company does the business they need to increase their custmer base thats why they are offering this loan offer to some of the lucky people. I understood this is fake schme.
People Please be aware of this fraud scheme. Anytime you get offer of 0% interest and Reliance name is involved in it is fake scheme. Even no one this world can give you 0% interest loan. So please dont fall for such fraud schmes.
Name of the person called me is : RAHUL SAXENA
i had also get same type of call
this time the number is:-[protected]
and i ask for 2 lac
they are saying to take a policy of 20000/-
Hey Guys,
I jus took this plan from Reliance Life Insurance on 16.02.2013. But to my Bad luck, I read all these posts after my premium amount cheque was cleared. However, I had reinstated as a new customer for policy and asked for all the details of the policy again. I have recorded all the details and loan process of the policy. I also have all the numbers of Reliance Life Insurance from Noida, Sector 58, Delhi. I have all the recorded voice of their commitment and policy details and how they provide loan to customers. I will have to wait for some days till I get my policy Welcome Kit. They have committed that the loan cheque / Direct transfer process will start after I receive the Policy document. I want you to be with me guys so that if it is fake then I am gonna screw their happiness as I have proof of their recorded phone calls. We all can fight this plague which is hampering our belief towards these companies / policies and taking away our hard earned money.

I'll keep u guys posted about the progress and the receipt of the so called "LOAN CHEQUE"

Thank you.
I also recd he call today from mobile no.[protected], [protected] &[protected] so every one be aware of these numbers. when I asked him to send the branch add by SMS, no SMS recd till time.
Hi,

Thanks all for writing your experiences,

Even I got call today with an intersting offer of getting loan amount upto Rs.1000000.

When I asked for further details the guy told me, they are going to provide me Reliance Multiplier Policy wherein the amount will be given against that policy. I said OK.

I was not fully convinced but still I continued to talk to him and asked for some executive to visit the office for further details. He tooked my address and told he is going to revert me by today by calling again as he does not have any executives, Only collection boyz are there who will com and explain me further.

Now I had a doubt, I provided him address and disconnected the call.

While googling I found this forum and now it is very much clear that what is the game played here.

Thanks guys for writing.

Keep it up and lets save others as well

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