Subject: Misrepresentation and Fraud Committed by managers of Lucknow Office
Reference: Policy No. 318118106 & 318118098

Dear Sir,

I am constrained to write to you as under for your information and
necessary action in the matter: -

I have two above mentioned policies in my wife’s name and my name. The
premiums of the policies are of Rs.9998.77 and 10000.02 to be paid
annually. It is noteworthy that the policy was taken on the advice of
Mr. Vinay Varshney of your Lucknow office who had come to my office
personally and persuaded me to take this policy, which would give me
coverage of life for financial security of my family as well as
handsome returns. Mr. Varshney also advised me that I can withdraw my
amount after 3 years of deposit without any deduction and will get
handsome bonus as well.

Mr. Varshney had by misrepresentation, persuaded me to take the above
policies, which is impossible to continue for a further period of 43
years since my age is 55 years.

The following points may also be considered:

a. That the policy, instead of covering my wife’s and my life, is
covering my son’s life, who at that time was only 12 years old and he
is not an earning member of our family. So covering his life gives the
family members absolutely no financial security at all.

b. Moreover, Mr. Varshney had kept me under the impression that my
wife and me will be covered but now I see that my son, who was only 12
years old, has been insured, which again is of no practical use since
he is not an earning member of our family.

c. Kindly, note the entire purpose of the policy is of no use at all.
Moreover, I do not intend to add any burden on the shoulders of my son
to pay for the policy for 43 years.

d. It is also noteworthy, that when the boy achieves an age of 60 he
will get the maturity, which shall be of no residual value, at that
time. The whole purpose of the policy is thus defeated and bogus by
any standards.

e. It will thus be observed that it was sheerly due to the
misrepresentation and incorrect information given to me by Mr.
Varshney, that I took the above policy.

f. Sir, I believed in the words of your senior officer, who had
represented you also, I am a busy man and could not go through the
details of the policy earlier within the stipulated period of 10 days.

Under the above pressing circumstances I request your good self to
kindly intervene and cancel the aforesaid policies Nos & and refund me the entire
amount already paid by me together with interest.

Thanking you,

Yours faithfully


(Nakul Sawhney)
173 E, Defence Colony,
Jajmau, Kanpur 208010
[email protected]
09935020202