Monday, August 24, 2009

Insurance Company Accuses Of Fraud

If you are investing your stocks in safer instruments then you can erode the company with life savings to ensure that their life could go well in dupe with what has been alleged by city doctor.

The insurance company Aviva Life Insurance Co, has been accused of fraud by the company for charging against the policy which lead to major financial setback. The manner in which this was done lodged a complaint with the insurance regulatory and development authority leading to insurance company who had taken two policies with ABM ABRO Bank.

Aviva informed that this change would make them acquire about the reason as told by terms and conditions which were same and that IRDA with a circular had asked them to change the policies.

One need to get a shock of life when on completion of three years he asked them how to withdraw the partial process he made on assurity of whose pages would get them reduced. As this condition would mention the original policies, which would require them to stop payments after a heavy amount which would be deducted from the policies.

The official from insurance department of ABN ABRO Bank tied up banc assurance with Aviva which made a fund switching request four times in a year which would lead to company achieving the policies. This case has been referred to Aviva but Aviva has not been responding to complaint.

When contacted Aviva said that the reference number of the policies was changed as the system upgraded from them. The changes were the sum assured which the partial withdrawal has been done to do with accordance to the policy terms and conditions leading to customer communication.

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