Fraudsters in name of IRDA

[Anand Jathan]

---------- Forwarded message ----------
From: Mitali Dave <hsdave...@gmail.com>
Date: Sat, May 24, 2014 at 10:06 PM
Subject: fyi
To: Anand Jathan <anand....@gmail.com>, "bo_...@licindia.com" <bo_...@licindia.com>, "aj_s...@licindia.com" <aj_s...@licindia.com>, "clia.mu...@licindia.com" <clia.mu...@licindia.com>, jpgi...@gmail.com

Kotak Life Insurance

by achal301 on March 1, 2013

To,

Sub: – Regarding fraud & racketeering in the name of IRDA.

Sir,

With reference to the above mentioned subject, I want to attract your kind attention towards fraudulent behavior of some notorious persons who are swindling the innocent people by investing their money in various Private Life Insurance Companies. I am also a victim of this concoction.

An unknown person contacted me over cell phone. He introduced himself as “Nitin Bhardwaj(08459701832)”, Head, Logging department, IRDA, New Delhi. He told that a benefit of Rs.185000/- had been declared on my ongoing ICICI Prudential Life policy. I ignored his call. Then he again called me and reminded me that some other person from his department had informed me two month back about this offer but I had rejected. Now an agent of some Insurance Company is going to claim for this offer because you have given him signed authority letter. Firstly I doubted him so he took me in conference and make me talk to his senior officer Mr. Rishabh Tripathi (07838779499) at IRDA Bangalore. Who confirmed that the call was being made from IRDA only. Mr. Rishabh Sharma then added that “You can still claim for the benefit. But for this you have to purchase a policy of Rs.35000/- from any one of following Insurance Companies but remember tomorrow is last day for claim”.

1. Kotak Life Insurance
2. Birla Sun Life Insurance
3. HDFC Life
4. TATA AIG
5. Bharati AXA Life.

He assured that the invested money (Rs.35000/-) will be credited back in my a/c with above mentioned benefit of Rs.185000/- after 72 days. I agreed and next day Mr. Ganshyam (09455036633) from Kotak Life Insurance visited me, completed formalities and collected the cheque of Rs.35000.00 on behalf of Kotak Life Insurance.

Same day After,Mr. Rishabh Tripathi pursued me once again in second week of October ’2011 and misled me to purchase one more policy from Kotak Life Insurance of Rs.45000 Then release benefit 3.5 lakh with is 60days.

On 15 April, 2012, when 72 days period completed, Anurag Gupta (09654240763) , who was telling himself from IRDA fund department, rang me and said that the benefit which was committed by Mr. Rishabh Tripathi Is ready to be credited in your account against the policies purchased by you. He demanded for BTC (Benefit Transfer Code) and Bank a/c number. I informed him that I have no BTC. Then he suggested me to contact my proposer i.e. Mr. Rishabh Sharma. I dialed Rishabh Sharma and demanded for BTC. Then he told me to further invest Rs.30000.00 to get BTC. Nothing to say how hard I faced arranging the money for all above mentioned policies the details of those are as following:

1. Policy name- Kotak Capital Multiplier Plan (UIN-107N011V01), Policy No. 02377267, Date of Commencement. 4.10.2011, Premium amount 35042.00, Policy Holder – Achal Kumar Teweri

2. Policy name- Kotak Assured Income Plan (UIN-107N069V01), Policy No. 02392606, Date of Commencement. 20/10/2011, Premium amount 45020.00, Policy Holder – Achal Kumar Tewari

After that Mr. Rishabh Tripathi never responded my call. On January, 2012 I received a call from Mr. Suresh Nair (08587081404). He told that he is assistant of Rishabh Tripathi. He said that the process to get the BTC went waste because you had not invested the money in desired amount. Rishabh Tripathi is not available in New Delhi due to family problem. All pending files of benefit distribution are being forwarded towards RBI to be finalized. He demanded money in cash along with photocopy of PAN card, address proof & saving bank a/c no. through First Flight Courier at the address D/1092, Sector 63, Noida addressing to Mr. Sanjeev Kothari. Since I had invested a huge amount and did not want to lose that amount so I sent money in cash too at the desired address to invest in the policy.

The different land line and cell phones used in this cheating are as under.

Cell phone nos.
1.Rishabh Tripathi – 07838779499
2.Unknow – 08459701832
3. Nitin Bhardwaj – 08459066652
4. Suresh nair – 08587081404
5. Anuraj Gupta – 09654240763
6. Atul Pathak – 08459079250
7 unknow- 08459069151
8 Vikram Chauhan 0845916628,08459083114
9 Chakravarti 08459019540
10 Anil Bakshi- 08459784311
11 unknow 08595420809
12 Agent Archana Jha 09311258325
13 Kotak Employee 09999844675
14 Kotak local Agent support 9455036633

As I mentioned earlier above mentioned investments have been made by conspiracy of Kotak Life Insurance Company and Agencies concerned. Because just after each call of Rishabh Sharma I received a call from Life Insurance Company agents / representatives stating that “It is informed by our H.Q. that you want to purchase a policy from our company. We are sending our representative for the formalities on such and such time”.

Sir, I complain many time, But Kotak Company & agent say , “15 Day free looking period is gone, This is your choice policy continue or lapse.

Please help policy amt Refund & any action Fraud Agent & supporting person.

Thanks & regards

Achal Kumar Tewari
14/626 Murad Ali Lane
Nai basti
Lucknow

9452462900
acha...@rediffmail.com

[hemant agarwalla]

Such calls are coming regularly to policyholders of Private Insurance Company and

mislead them and also inform that only agent was benefited by the policy he owned and

influence him to invest through him to get maximum benefit.

How can we challenge such calls ?????

 

H.K.AGARWALLA

MDRT(USA), CII(AWARD) UK
ROYAL INSURANCE & INVESTMENTS
OFFICE- 03776/268279
MOBILE- 9435117004
WEBSITE- www.hemantagarwalla.com

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[Rajnish Bahuguna]

Sir,

 

These calls are coming to all customers, whether of LIC or private. Many of my clients have also received similar calls. There is a huge conspiracy of data theft which is being used here. Would request the LIAFI leaders to take some strong step from LIAFI’s end. I can be made through hiring a legal advisor / lawyer (or different lawyers / advisers citi wise or state wise whatever way feasible) who will guide us what to do & how to proceed in such matters so that it is minimum hassle for us & maximum punishment for the fraudsters. We can start this with a small contribution from each member. Request the leaders & experienced members of the group to guide us on this.

 

With Best Regards,

Rajnish Bahuguna

Wealth Manager

MDRT (USA)

The Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an International, independent association of more than 39,000 members, or less than 1%, of the world’s most successful life insurance and financial services professionals from 491 companies in 87 nations and territories.  MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service.  MDRT membership is recognized internationally as the standard of sales excellence in the life insurance and financial services business.

Specialist: Children's & Retirement Planning 

Dedicated to Customer Delight

Mob.:-9911440170 / 9818519868.

Off:               2nd Floor, 62, Sector-9, Gurgaon, Haryana-122001

 

Delhi:        31B, First Floor, Jeevan Pravah Building,

                        District Centre, Janak Puri, New Delhi - 110058

 

[Albert Desouza]

This is for lic agents if in case you are not aware. LIC deducts TDS from commission. you can get back your full tds if you maintain accounts book. If you have a computer or a laptop install tally system and work on it. All your expenses like petrol, bus fare, promotional gifts, printing and stationary , gifting of diaries, postage, refreshment for your self, your staff and policy holders when they come to you, if you have an assistant his or her salary etc. I request all agents to have a small office either at home or buy or rent an office. Maintain your records. My office is a small one. Just 24 sq metres with no AC. My records book are few. I have ledgers filed in box files. left side shows the information of policy holders and right side shows the entire period policy holders have to pay their premium and when commission is paid I circle the date. Many times Lic forgets to pay me commission and inspite of several letters they just delay paying you. Some years back I had to take the IRDA help to get my commission. Now also I have the same problem and next month I will ask IRDA to help me what to do ? This is possible if you check each and every commission paid to you. I am particular on this. Remember your policy holder on his birthday and send him or her a card. No need of paying premiums

those who pay premiums of policy holders are really inefficient agents and they do because they cannot convince their prospectus in converting the sale into policy. weakness. Some months back I had canvassed a policy and the policy holder wanted SSS scheme and he was supposed to meet me with a cheque for his policy. Policy form was signed and so too sss form but cheque was not given. I waited for two hours and no sign of policy holder. One beggar agent paid him two months worth of premium and took the policy from me. I did not cry. what to do they are beggars.

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Date: Mon, 26 May 2014 15:47:40 +0530
Subject: (LIAFICHdo ARY:12559) Fraudsters in name of IRDAwa
From: anandja...@gmail.com
To: liafis...@googlegroups.com

[Lal Singh]

For the Kind Attention of:  Mr Albert Desouza

Sir,

Kindly see the forwarded mail originated by you.

 I shall be grateful if you could, kindly, explain in detail about how to avoid TDS deduction by our Insurance Company simply by maintaining our accounts.

Thanks and regards.

Sincerely,

Lal Singh Dogra

09312210103

[Koppuravuri VENKATA SATYANARAYANA]

SIR,

NAMASTE.  THERE IS NO CHANCE OF AVOIDING T.D.S. BY LIC.  BUT THERE IS POSSIBILITY TO DEDUCT 2.5% ONLY INSTEAD OF 10.2% 

BY TAKING A CERTIFICATE FROM I.T. AUTHORITIES, UPTO 10 LAKHS COMMISSION.

With Best Regards

K SATYANARAYANA

Authoirised Premiumm Collection Agent

Chairmens Club Member

Mobile 9849117933

[Rajnish Bahuguna]

Dear Sir,

 

What Mr Albert D’souza is pointing towards is refund of TDS. When you file your ITR, you can show all mentioned expenses to claim tax benefit just like you do for 80C savings (particularly school tuition fee of kids), only difference, this is deduction for expenses & 80C is deduction for savings done (except school fee expenses deduction).

[Albert Desouza]

Sir

On receipt side we show the commission received. On payment side we show expenses like cost of petrol, postage, printing and stat. drawings (money need for monthly expenses to eat etc) if you have an assistant her salary. If you have an office if rented then rent. If some one is using public transport then that amount .You may have some people helping you with lic policy and you pay trhm commission then sub agents' commission. Electricity bills, telephone bills, if you have a car, two wheelers then depreciation, then you will find that your income will be less. then take profit and loss and the balance sheet. Fill up the releturn form and along with them show your profit. add the profit to your balance sheet and make a new balance sheet. spend some money and ask a CA to do filling of your returns and he will do the rest. 
wo

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From: lals...@licdogra.comwil
To: liafis...@googlegroups.com
Subject: RE: (LIAFICHARY:12576) Avoiding TDS deduction by Maintaining Our Accounts.
Date: Tue, 27 May 2014 23:40:31 +0530

[Lal Singh]

Dear Mr Desouza,

Thanks a lot for elaboration.

Warm regards.

Sincerely,

Lal Singh Dogra

9312210103