ICICI Prudential Life Insurance Company Complaint – Deduction Of Amount On Surrender Of Policy

Subject: Deduction of amount on surrender of policy
My Name: Anand Sharma
My City: Ahmedabad
My State: Gujarat
My Complaint Against: ICICI Prudential life insurance company
Complaint Category: Insurance Companies
Claim Amount (Approx.): 54200
My Complaint Description:
Company has deducted a very high amount of surrender value (35% of the premium paid) about which I was not informed at the time of purchase of policy. Company person didn't inform about this orally neither he told me to go through the conditions given in policy booklet at the time of purchase of policy.

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