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Insurance policy sold on false pretext


30-May-2023 (In Criminal Law)
Last year my mom went to union bank to make an fd and the executive from india first insurance company sold her a policy on pretext of false information saying that the policy is free and has zero charges, my mom asked them to make 4 FD of 1 lack each but the executive made 3 FDs and added one insurance policy with her knowledge, and on the pretext of making an fd she did all the process and sold her a policy without her knowledge, took all the signatures on the necessary documents and sold her
Answers (1)

Answer #1
801 votes
Hello, I have perused your query. If in case the agent sold you a policy by providing you false information you can contact the branch manager and get the same cancelled. Also, you can reach out to a consumer court and sue the bank for wrongfully duping you in for the abovementioned. In case of any further information feel free to reach out to me. Regards Love Soni
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