I HAVE BEEN VICTIM OF AVIVA'S MISSELLING . AFTER THE SALE AGENT DIDNOT SHOW HIS FACE. PREMIUM CHEQUE IS ENCASHED BEFORE POLICY CONFIRMATION .TIME PERIOD WAS LESS POLICY CONFIRMATION WAS SENT ON 31 ST MARCH SO THAT YOU DONOT HAVE TIME IF YOU ARE TAKING TAX BENEFIT. FOREIGN COMPANIES ARE FOOLING AROUND INDIANS. even if you write to their ceo they won't listen
RE:misselling
by NareshKumar Madireddy on Sep 13, 2007 06:10 PM Permalink
Dont go for foreing companies, go back to our LIC, trusted for many years after all.
RE:misselling
by VAIBHAV SAMUDRA on Nov 26, 2007 02:07 AM Permalink
MK, Second thing, I think aviva life insu is a tie up in dabur and aviva, I am not 100% sure on this, so most probably aviva will have 26% in the company as per the IRDA act. ( not 100% sure again because of recent devolpments if any) So it seems you are not cheated by a foreign company, but INDIAN AGENT. dont blame for our mistake. Also, Pl do your tax planning in advance. Though Insurance offers tax benefits, it should not be only reason to buy a product. go to good Financial Planner get your finances in place.
We as customers have the full right to go through each and every terms and conditions of any product or contract we get into. If you plan your investments for tax savings at the nick of time as you think you very smartly did, then this is what happens.
I think its purely your mistake and you can not blame any one for your foolish decisions.
Govt gives entire 1 year to plan your taxes. But, smart people like you do it at the last moment and then blame the product companies for misselling.
I too am a customer and I have never had such exprience in the lasty 20 years. Only because I do things well before time.
RE:misselling
by shankar mahadevan on Sep 13, 2007 06:30 PM Permalink
you sound more like an insurance agent rather than a diligent customer. there is no taking away the fact that insurance companies mis-sell thier products.
RE:misselling
by S P on Sep 14, 2007 04:33 PM Permalink
I agree that many insurance agents mis-sell their products. However, he has a valid point. Investments should be done in a phased manner throughout the year and not run for cover at the end when you need to submit the document proofs.
