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Fraud in Selling Insurance Policy – SNOWTEX INVESTMENT LIMITED is agency of Birla Sun Life Insurance Co. Ltd.

Location/place: Mumbai

Name of company/service: SNOWTEX INVESTMENT LIMITED is agency of Birla Sun Life Insurance Co. Ltd.

Myself is Sushant Mayekar from Mumbai, I got a call saying calling from ICICI Prudential regarding to my lapse policy. Stating that I will get all my returns from ICICI Prudential with Bonus within 90 Days. To claim this they told me that I have to take one endowment policy of Birla Sun Life ( on query they told there is recently tie up of ICICI Prudential and Birla Sun Life) ( I enquired this with ICICI Prudential’s call center which is not a case)
After taking plan, within 10-15 days team of 3 people (1 from IRDA + 2 from Insurance co.) will come to my residence to hand over letter of old policy claim amount. They have the answers to all our queries.
Finally, after 15 days I agrees to take policy keeping in mind that if they cheat I will cancelled the policy within free look, and document person comes to me with forms, in that I found one paper in the name of Snowtex Investment Ltd. I immediately search in Google for this name and I found so many complaints against this company from various location of the Country. I called Mr. Shirish Kulkarni, who has got trapped by these peoples. So I quit myself from the loop.
Even though I have not trapped, I expect stern disciplinary action against the person involved with this kind of fraud. For reference kindly find details of the following who dealt with me with the application.
1. Sanjay Sonawane – 95273 96118. (Senior Manager)
2. Shashank Shinde – 95945 20801.
3. Document collection boy – 97020 58116
4. Niranjan – 8149342074
Landline no.s are 022 – 30247069 / 53 / 25 / 32 / 38 & 31902066.

I also found from internet that SNOWTEX INVESTMENT LIMITED is agency of Birla Sun Life Insurance with Advisor Code is 001639. So, Birla company immediately should discontinue their agency with penalty and help the society to save from such fraud cases. Also IRDA should take stern disciplinary action against the person involved with this kind of fraud.

Sushant Mayekar (Mobile – 96196 88925)

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