[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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Yes, your saying 100% true i am also fall on their cheat net . Reliance insurance is 100 % untrustable organization . Dont take any interest to Reliance .Reliance =not reliable.
Thanks
shrikant
i also received a call from Delhi for the loan against reliance life insurance policy 1 month ago. they were offering 10 times 0 % loan against of first premium. being a Banker i was not convinced how a company can sanction a loan without verifying the income, repayment capacity. why a company will do no profit gaining business. i listen them and asked these my queries. till date they are following up me but i have not taken the policy and tring to trace these people. luckily today i searched this information from google. I knew from this site that my doubts were correct.

persons who called me Harish Ranawat [protected]
Rahul Saxena [protected]
This is a big racket. I am a victim too. Its a well thought plan to trap innocent citizens and I see that every month there a lot of people falling prey.

I want to unite all the victims and raise a fight against these miscreants and the reliance life insurance company for protecting such fraudulent agents and not returning back customer money.

All victims, pls join the google group below and participate in the discussions
https://groups.google.com/forum/?fromgroups#!forum/cheatedbyrelianceinsurance

Also, pls let every victim know about this social effort... it will take time, but justice will prevail
All victims of this reliance life insurance loan scheme fraud, pls unite and join forces at

https://groups.google.com/forum/?fromgroups=#!forum/cheatedbyrelianceinsurance

Lets fight it out together
Hi Guys,

Thanks for this post. I also got a call from Mr. Vishal Malhotra, Mr Vaibhav Sharma & Ms Riya Agarwal (Mobile No. [protected] / [protected]) Land line no[protected] /[protected] /[protected] Delhi. They 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.

Thanks
Prasad
Pune
Even i have recieved same offer for loan and the lady name was vanshika, anf she is going to follow up on the same, i am waiting for her call...
I also Recived same call today 11/03/13, Rs.2 lakh loan against 20000 cheque with 0% interest.

Thank you very much . you saved my money.RELIANCE INVESTMENT COMPANY LTD. 0% interest loan is FAKE. DONT Believe.

Regards
Shashikant Jadhav
Yesterday (11th March 2013) I was also got a call from the Reliance company (they told) number is [protected] about the 0% of interest loan, so very thank full guys to aware us that this is fake or fraud..

we have to inquire first about this type to scheme...
Many thanks guys for sharing your experience and saving others life.

Thanks,
Javed
Even i had purchased this policy during October 2012 with the promise of loan & was duped.

Regards

Najeeb Shaikh
[protected]
experienced the same...their phone gets switched off, when we call back on the same number ...
thanks every one this is really public awareness by posting and sharing experience
Got the call
pay Rs 30000 now and pay for 5 year that comes to 30000 x 5 = 150000 which you get after 5 year Rs 150000 (with out interest)
get loan of Rs 3 Lac in 45 day
pay 60 installment of Rs 5000 = 5000 x 60 = 300000

so no interest on loan which you took and no interest for what u invested
think logically such a big co. never make a loss
giving money for 5 year without interest and taking half of loan money for 3 year with out interest
so co is paying from her pocket money worth Rs 150000 ( or equal to the amount you paid ) for 2 year to you free of cost
sound strange..

really thanks for every one comments and sharing
be aware of such chor people and such call comes from delhi location i belive

Reliance Finance — unwanted phone calls for loans

from phone no. [protected] I frequently get phones to take loans. The caller identify him as a Reliance Finance I have requested them not to call me but still they call me, I AM NOT AT ALL TO TAKE ANY LOAN FROM ANY FINANCE COMPANY.
Thnx
Yogendra Udani
Thanks a lot. I also have same call from RLIC. But knowing your experiences I realize this is a fake. Thanks again!. RLIC should suied in court for this.
Kaustubh
Hi Guys,
Today (21th Mar, 2013) I have received call from [protected].
He also told me personal no :--- [protected].
Name: Rahul Mehra...
1) They have told me that, I will get Rs. 2, 00, 000 to Rs. 10, 00, 000 loan at just 0% Rate of Interest. I sounds good to me.
2) But I am a person who first search information about scheme and company then can invest only ...
3) I searched on the google and landed on complaint FORUM.
4) Now I am aware about the FRAUD. and told to guys pls don't give any response against thease type of guys..

VERY VERY THANKFUL FOR INFORMATION

Regards,
Manoj Kumar
NOIDA
Yes, thanks for putting this information on the net, i am also getting continous call from +91 [protected]

Thank you once again for this.


Regards

Umesh
hey people yesterday (29-March-13) i got a call same about this same story was generated by me.this is people doing such things to complete their target
thats why they people lying on phone
Got a call from some Ashvin from the number [protected] claiming the same thing. Let everyone who gets a call paste the number from which they received a call here. We will have them run for phone numbers now...
I received the call from same people 2 days back.
I told them to first issue the loan and I will buy the policy afterwards.
These people stops calling me from that moment.
Thanks to all you keeping those things posted on this portal.

Thanks,
Mahesh
Hey thanks Buddy, even I was bout to invest money in this policy to get loan; you saved me I guess :)
Dear All, 12th April'2013 and this fraudulent activities still going on with the help of relince people, i am sure.
As I got a call from same 420 people so called relince loan deprtment.

I am going to lodge an FIR against them and surely going to book some of them longer than they ever expected.

I wont give location and numbers right now in case they get alert, bue once this excersice completes get ready for congratulations who participated in thsi forum.

Regards

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    Reliance Multiplier Plan
    Maharashtra
    India
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