Invest in SBI life and get ripped off:

Dear Readers,

The following is a feedback from guest user:

"Invested in SBI Life Horizon in 2006 - mostly equity - well before the big bang, when the BSE stock index was approaching 2k. But it made no difference to the NAV of this unit, which actually took a huge hit. Amount invested in 2006 = 12k & 2007 = 12k. Value on 13 March 2013 = 17, 359.70.

The only people it seems to have benefited are the wretched fund managers, who probably won't be welcome in any non-sarkari self respecting funds managing co."

The biggest frauds are the sbilife:

Dear Readers,

The following is a feedback from guest user:

"There can't be a bigger frauds like SBI life. Their customer service number 1800-22-9090 or 1800-425-9010 , and u might get some automatic answer if u try for some 100 times. Their website asks for some junk stuff like customer id to register, and I have the premiun letter where I am trying for past 2 days to find which is the customer id.

Still I could not find it. ed up service and hell with SBI."

SBI Life Smart Performer is Smart Cheater:

"-SBI Life Smart Performer is Smart Cheater.

-Never Invest in SBI Life.

-Invested 5 lakhs two and half years back and the value now is 4.7 Lakhs.

-They have never increased the NAV in past two and Half years. Dont even dream it will be increased.

-Better to Fix in FD or give it to charity institutions than investing in SBI Life"

Never Ever choose SBI Life:

Dear Readers,

The following is a feedback from guest user:

"I have invested in SBI Life. Put 6 lakhs totally with two lakhs per year. I have, thankfully, 6 lakh 40, 000/ Rupees right now. I immediately put it in bonds because exposing it to the market, I realized is foolish and I might lose money.

I am going to withdraw it as soon as possible. (it takes bloody five years to take out the money! Reading all the reviews I just hope the company exists at that time!) Anyway, to any future investor, I have only this to say...put money in philanthropy, at least your soul will be satisfied.

This was my life savings and I feel cheated.

Do not ever go for this product."

Cheater insurance:

Dear Readers,

The following is a feedback from guest user:

"I invested in Unit Plus II Regular Plan 0. I was not informed by the agent Ms Pramodini Sonkusare that the policy will mature when I turn 99 year old. Also, the great lady did not tell me that I will have to invest for 65 years.

Foreclosure of the policy attracts foreclosure charges and amount totally depends on market value. So, if your luck is bad, you might end up getting peanuts as ROI. I will not suggest SBIlife to even worst of my enemies. As expected, the agent has disappeared in thin air by changing her contact number.

Fraud insurance company and fraud agents!!

Insurance company's name should have been State Bank of Lootera life non insurance."

Don't invest in sbi life insurance:

Dear Readers,

The following is a feedback from guest user:

"I Have never seen such a worst life insurance and they are one of the fraud in india. I have invested 1 lakh in SBI after 5 years I required that money for my emergency use.  At that time I have surrendered the Policy and they said your matured value is 85, 000/- only.  They are  swindlers in the world, so please don't invest in SBI life insurance.

Post Office is the best."

Worse plan so bad customer service:

Dear Readers,

The following is a feedback from guest user:

"Hi friends., I’m writing this review because of the service which I got from two different companies.in savings plan I was looking SBIi Shubh Nivesh and Birla vision..The plan vision gives me enough return which I want and everyone likes.. like the service from the staff of Birla was tremendous."

Cheaters at SBI Life:

Dear Readers,

The following is a feedback from guest user:

"SBI, a  well known bank working for every common Indian. But some cheaters at SBI lifeare giving bad name to SBI. Here's the story behind this review :

The executives Mr. Anand (8453906621) and Mr. Subramani (9916579152) told me the below lines about SBI life Shubh Nibesh plan:

1.Every year I have to pay 1lac for 5yrs.

2.Then a bonus amount which is 10% of Sum assured will be compounded yearly. i.e. 50, 000

3.At the end of 5th year I would get total 7.5 lacs as the maturity amount plus life insurance amount of 5 lacs till 100 yrs.

The plan looked like a golden chance to earn money with big investment. So I opted for it.

But when I got the policy and gone through the document it was written only 3, 96, 000 is the sum assured. And rest is all fake things these bloody executive told me.

I request you to take strong action against such bloody cheaters."

Don't Invest your effort money with this Gamble people:

Dear readers,

Feedback from a guest user:

"Hi this is malls, I have taken police in the year of Sep 2011. I am paying my Installement and bleady late fee and some nonsence charges regularly. to change my mode of payment and address change request mostly 8 to 10 times walked in to theses bledy branches.still I havent get expected updation, this is totaly worst service, they are having hopeless and Idiot agent alos while time of taking the policy they treet you like your PM of India after that they treet you like as though they are giving you free policy and they are going topay your installments. The moral of the story is I have paid my half year installment arround 6k in June but they are telling you havent paid you have pay it with late fee.if I gone with paid acknowledgment also they are not believing.

I dont want to explain more then this .You ppl have to understand."

Cheated me:

Dear readers,

Again guest users feedback.

"I bought policy( policy number 00362336 name Baldhiraj singh customer ID 13139837 bought on 25-01-2010 premium rs. 19950 per year ) of future genrali on 25-01-2010 for rupees 19950 every year and i paid it regularly. I was told that lock in period of the policy was only for three years i can surrender it after three years . I was told that i will get 3.5 % dividend on sum assured. but when i went to surrender the policy i was informed that i will get only rupees 41600 means they will eat my 59000/- rupees it is there realty so friends do not come in their misinformed statements and not to believe them as in the end you will be cheated like me".

Beware of SBI Agents at SBI Life insurance:

Dear reader,

the following is review from guest user.


"SBI itself is a cheat.It is maintaining SBI life insurance to cheat customers for money. I was cheated by SBI Life insurance.One of the SBI Agent asked me to pay 12, 500rs on monthly basis until 5 years. 

He told that I can cancel the policy at anytime. I have paid for 3 months and suddenly I got money problem.

So, I contacted SBI customer care to cancel my policy.

They said like I could't cancel and never get even a single rupee if I cancel the policy.Now a days, It is not easy to earn money.I got that money after putting lot of effort in my job.

I am sure that these agents death will be decided soon (with in one month) by my God.

Beware of SBI dog/bank.It may bite you if you invest.

Friends, Please don't invest your money for dummy policies."

Beware of SBI life insurance!!!

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This blog is created for the purpose of posting complaints regarding SBI Life Insurance.
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