Complaint regarding fraud practice by SBI Life Insurance agent

I would like to complaint about fraud done by SBI life insurance agent with me. I had taken SBI Subh Nivesh policy dated on 17th Feb 2015. Agent IA code: 990532959.

Agent told me that you need to pay 50000rs for 7 years and you will get approx 6 lacs rupee after 7 years of maturity team.

But wghen i recived policy document, it is mentioned that you need to pay 50000rs for 8 years and you will get approx 5 lac rs after 8 years. At this time i called agent from which i buy this policy and they told me that she will correct it soon. I belived on agents word but she didnt correcetd this.

Due to my job i need to travelled a lot. Due to this i am unable to complaint regarding this to SBI Life insurance office. Recently when i visited office at borivali west location, they told me that they will not do any thing on this and they will not refund any amount. Request you to look into this fraud and help me to refund this ammount.

Priyanka patel
Borivali west, Mumbai 400092, Maharashtra
Email: patelhardik2000] / 13/12/2015 / 11:20 am


    • SBI Life Insurance on 14/12/2015 at 4:55 pm

    Dear Consumer,

    We regret the inconvenience caused to you. As per your telephonic conversation held with our official, we will get back to you shortly.

    Thanks & Regards,
    SBI Life – Customer Care.

    • SBI Life on 13/01/2016 at 12:23 pm

    Dear Customer,

    Your issue has been addressed and a detailed reply has been sent to your registered email id.

    For further assistance please contact us at our Toll Free No. 1800229090 or write to us at

    Thanks & Regards,
    SBI Life Customer Care

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