Dear Sir, I am policy holder of Birla Sunlife ULIP Saral Jeevan. While taking policy the agent didnt tell me anything. I have invested now. Read more about Birla Sun Life floats ULIP Saral Jeevan on Business Standard. Birla Sun Life Insurance Company (BSLI), a joint venture. Insurance Company, Birla Sun Life Insurance Company Ltd About Plan, The BSLI Saral Jeevan plan provides the dual benefit of protection and investment.
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Can you believe this?
Birla Sun Life Saral Jeevan Policy — MisLeading
However, they are applicable only after the policy starts yielding returns. I will however advice you saarl not to buy this policy. Did he not hear about the principle of Caveat Emptor? In today’s volatile market, ULIP plan is one of the best investments to have which will reap benefits in the long run. Some days before City guys called me that there is one nice policy for you and bla bla.
I was so surprised that this policy is gr8. The amount you will receive will be the fund value less this charge.
A good agent will tell you all the positives as well as the negatives about the product. Actually you must know that there are charges involved in any fund management ULIPs are also a type of fund management instruments. Now it became rupees. All the Private Insurance Players are misleading people and playing with their hard earned money. I was just about to take this policy and I read this review. Your Rating 1 star is bad, 5 stars is bilra.
Click here to know more. We wish to inform you that you are holding Saral Jeevan plan with us wherein, the issue date is August 27, Me too suffered the same fate like Karthick. You tell me what should i do. We are herewith birlla the Policy Account Statement for your immediate reference. Bajaj Capital was the agent in my case and the Branch Manager spoke with sarak and completly brain washed me.
I also want to surrender my policy since i was also not informed of any administrative etc charges to be deducted from my premium. There is no surrender charge applicable under this policy if you surrender your policy anytime after the expiry of three policy years. Dec 31, My Prem amount Rs. waral
Birla Saral Jeevan – ULIP Misselling – BIRLA SUN LIFE INSURANCE Consumer Review –
I am middle class person and all my hard earned money is going in vein. The surrender charge is applied if and when you surrender your policy in the first 3 policy years. Review on Birla Sun Life Insurance. I myself a victim of such unethical business practice. They said that they will escalate it to the highest level possible. Every month cost of birlq which includes administration charges and mortality charges are deduted in terms of unit which is reflecting in Policy Account Statement.
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We’ll contact you shortly. As you can recall, I had invested about Rs in December Should I invest in PPF and post office for my son? This net fund value will be paid out to you only at the end of the third policy year or the end of the two-year revival period, whichever is later. Premium amount was Rs Fifty thousand one hundred and forty five. The NAV was on that date is I called him up and told him to cancel the policy.
If the life insured dies while the policy is not yet revived, we will pay the fund value as of the lapse date immediately and terminate the contract. I received the policy document promptly and was schocked to see that there were monthly charges of Rs Please send me a copy of my current account statement my Policy no[protected]Saral Jeevan at earliest as possible plusI want to know how much I’ll be getting after my policy is matured.
We publish the unit prices of all investment funds on our website www. I bought the policy on December 12th.
We provided many proofs that we didn’t get but Insurance There is no surrender charge applicable under this policy if you surrender your policy anytime after the expiry of three policy years. The documets which I have submitted and in the form, I have written the right name, then also my name is not right. Oct 31, The NAV is determined based on whether we are purchasing appropriation price or selling expropriation price assets in order to meet the daily transactions of unit allocations redemptions associated biirla the investment fund.
Such things can happen only in a country like India.
Reply as a Brand. Notify me when there is a new review.
I have invested Their customer service is very poor. If you are unable to pay the policy premium by the due date, you will be given a grace period of 30 days during which time all insurance cover under your policy will continue.