[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
Was this information helpful?
No (0)
Yes (0)
Aug 13, 2020
Complaint marked as Resolved 
 
146 Comments

Comments

17/4/2013

DEAR FRIENDS,

I AM VERY GLADE TO READING YOUR COMMENTS, BCOZ TODAY SAME I GOT A CALL FROM MISS.BHARTI MAHETA AS WELL AS SAHIL ANY MORE PEOPLE THEY ASK ME LOAN AGAINST THE RIL POLICY.AFTER ALL TAKING TO THEM I WILL DECIDED TO INVEST MONEY AND GET LOAN.BUT WITHOUT GOOGLE HELP TODAY AND YOUR HELP I AM VERY HAPPY TO SUCH A FRAUD RIL LOAN PLAN.

SO DO NOT TRUST ON RELIANCE POLICY AND LOAN.

ALWAYS TRUST ON LIC NOT IN OTHER FRUAD INSURANCE.
Thank for making aware about this fake Loan Plan
My Friend also got phone calls from various people for this.
and he check in Google if these scheme is true, and i came on this page/blog.

Thanks guys Thank you so much...and be aware of this.

Raju.Samala
HI Mr. Wismore,

My brother invested Rs. 50000 in this fraud policy scheme. When he visited to Reliance office to cancel this policy they refuse to to cancel it & instructed to pay 50000 per/year for next 3 years. Pls help me out to cancel this policy. If you have any information then pls mail me on [protected]@gmail.com.
Dear Friends,

Even i got calls from Mr. Aditya Singhania - [protected], for Reliance Money Multiplier plan saying same thing that 0% interest loan of Rs. 10, 00, 000/- for 10 years with premium payment of Rs. 1, 00, 000/- every year for 10 years and also said will get Rs. 10, 00, 000/- on maturity date.

I felt some doubt then i checked in Google and landed on complaint Forum.

Be-aware with mentioned below numbers.

Mr. Aditya Singhania - [protected]
[protected]
I also had paid Rs 30, 000/-

Still receiving call from Reliance pay advance premium for next year to process your Loan amount.

I got Policy the Name of Policy advisor is A B Capital
Reliance is responsible for this. They are not taking any action against them because they are getting their policy sold & earn. So Reliance is not taking any action. Reliance Companys Legal Team has to take action.
I am Devinder singh from jagraon district ludhiana. i got ther similar call me [protected] 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 "RISHAB BAJAJ", 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.
RISHAB BAJAJ (must be a fake name) : [protected]
Hi,

I also got call from Koperkhaine - New mumbai loaction . Mr. Amit ([protected]) was the person & he said the same thing that i need to take reliance policy from them & they will provide me loan of 5 Lacs loan at 0 % interest for 15 years. The EMI for policy will be 30, 000 PA for 5 years.
Then i asked them for one of his customer wjo already purcahsed this loan & they gave me 1 lady number who staying in Panvel & said me that she has taken this policy. So i tought this is a genuine call from reliance. & i asked their executive to collect documents & check from my home but i saif i cannot afford 30, 000 at a time so they were ready for 15000 also. I said ok & very next day the person came to my house & i gace them 15000 + required documents with 2 photographs / bank statement etc. Also i got call for verification from rel departments. Then i serach for this policy on internet & found so many complaints logged by so many people & i came to know that its a fraud call. I immediately called in bank & made a STOP payment & trnsfrred all my funds to my other account immediately. THANK GOD...Then i called Mr Amit & asked regarding what is all this??? & they trasffered call to his senior Miss Varsha & she said me that this all fraud done by delhi people & are from Delhi location & not from Mumbai. We are the geniuine one ...not a fake...But I said no..I dont want to buy youor Policy...So Please Please be aware of this type of calls...& chhck on internet first befor investing in any plans...
Hi Guys

I also get a call from Mr digamba boss contact No.[protected], [protected] and they asked me to submit Rs. 20, 0000 and take a insurance policy and I will get a loan of 2, 00, 0000 within 15 days at 0% rate of interest. I had taken a personal loan i lost my 2lck rs, so I was doubtful about this policy and checked the complains.

Thanks Guys for providing me this information.

Can we make a police complain for this forgery. These people should be behind the bars.
I also got call from [protected] for Loans on 0% EMI, they Just doesn't give website address, No broucher, No e- mail id and No any identity. if this is realy customer forum than Indian Government Need do really something so that this guys be inside Jail.

Be ware of this types frod Policies & People.

Nimesh Nandawana
[protected]
Hi Everybody,
Sad to say that even I have fallen for this fraud. I also contacted Reliance Customer care to cancel my policy an refund the amount but they say it is over the freelook period so cant cancel.

If possible, with all the members that have faced this problem & duped of their money, I am planning to approach the media for the same. Please let me know if you are in for the same and bring together all for the good cause.

I am from Pune.
my email id is :- shrey.[protected]@gmail.com

Let me know if we can do something for the same.

Thanking you.
i got call from [protected], [protected], [protected] Delhi.This person introduce himself I don't remeber thier name but they calling from Reliance Life Insurance company.he told me about interest free loan against Reliance Money Multiplier plan.After conversation with him he transfer The call to his senior. 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.

But i found full fake when i open this site.

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

I got a call from a guy called "Rohit - [protected]" and his Senior "Rajesh - [protected]"claiming to calling from reliance Finance/Reliance Capital and they have the following insurance policy "Reliance Life Insurance Guaranteed Money Back Plan" in which if you invest 20, 000 you are entitled to get a 2, 00, 000 interest free loan from the company which can be repayed in 5/10/15 yrs.

After repeated questioning he got cornered which raised my suspicion. I called up a reliance Life office in Borivali and they confirmed that it’s a fraud and don’t fall in their trap.

People please be aware of such calls...
I got a similar call from relaince thank you very much for your post saved me from getting duped
May 18 2013. i got a call today morning from [protected] saying that reliance is offering money of 2 lacs to 10 lacs for 0% interest. They would keep 10% of the sum with them and invest in insurance of which profits go for them. when i asked what is company name he said relaince. I said which co of reliance. He said very slowly as if creating the co name as Relaince financial services ltd.

He said that this co will be applying for banking license and hence is creating customer base and hence 0% interest rate. He said his senior will give more details if i am interested.

I thought of checking on net before and hence asked him to call next week.
Chakri
within 2 weeks i call from many number with reliance offers 0% interest loan

+91 [protected]
+91 [protected]
+91 [protected]
+91 [protected]
+91 [protected]
+91 [protected]
+91 [protected]
+91 [protected]
+91 [protected]
+91 [protected]
+91 [protected]

i was know about this cheaters so i ask for offer in write he said loan offer not comes in blusher and offer latter
i said i ask my dad he is police officer he will call u if we like this offer .. he cut call and not call me back ...

Dont buy any police and offer on phone call .. its 100% fake ... Beware

Regards
Deepak Gautam

LithiumWeb.com | Hostimizer.com
Thanks for the review.
I got call from similar number today and just tried googling the information and came across this review.

Thanks again and really, THIS IS FAKE...DO NOT BELIEVE..

Thanks,
Sachin
Hi all,

Today me too received a same call, but when i asked her to send all details on my mail id from her reliance Corporate email Id, then she was started pretending and i sensed that they are not genuine.

My suggestion is when you receive such call first you ask all info on mail from callers corporate mail id and check terms and conditions on website of concerned company.
Please don't take decision in hurry .

Satyendra mishra
Since last 2 days, I am receiving the same scheme from [protected] and [protected] phone numbers.

Beware of them. They are fake people.
Hi guys,

This is Mohanish, I also exp regarding this 0% loan and saw your replay...

Thanks again for saving my 1 lac.

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit

    Contact Information

    Reliance Multiplier Plan
    Maharashtra
    India
    File a Complaint

    New Member Registration

    The following information is hidden from other customers and is only visible to representatives of the company you are complaining about. This step is optional and can be skipped below.

    New Member Registration

    Already a Consumer Complaints member? Log in now
    •            
      or

    New Member Registration

    A confirmation email was sent to "".
    To confirm your account, please click the link in the message.

    If you don't see the email in your Inbox, please check your Spam box.

    User Login

    Not a member of Consumer Complaints? Register now.
    •            
      or
    Loading, please wait...


    Your password has been sent to the specified email address. Log in

    User Facebook Login

    GDPR