It can be seen that conduct of ABSLI is not transparent and not investor friendly. After paying premium for 19 yrs, I feel highly disappointed.
Can Apex authorities take action for inappropriate conduct of ABSLI and advise them to settle the case without further harassment? (6/6)
In e-mail dated 2nd May'2024, I am informed to put 40% of maturity proceeds in annuity, while branch executives are informing to put minimum 75%. Further, I wish to buy annuity from another insurer as per rules, not ABSLI as ABSLI has shown highly indifferent attitude. (5/6)
Later, after repeated follow-up, I was informed that I have to buy annuity and can commute part of maturity amount, if desired. How much I have to commute and how much amount I have to put in annuity, different figures are given to me at different times. (4/6)
I had sent several e-mails and met branch executives personally multiple times before and after maturity of the policy. Initially, ABSLI has maintained that full payment would be done soon after maturity of the policy. (3/6)
Till date, I have not been informed officially in writing how much amount I will be getting (ABSLI sent a blank statement on 14th May’2024 through e-mail). I am a senior citizen and have no income from salary/ business, depending only on pensions and interest income. (2/6)