Location/place: Bangalore
Name of company/service: Birla Sunlife
I am a Birla Sunlife Policy Holder since 2005.
In 2011 April I applied for a Loan of 1 Lakh against my policy and received a cheque for the amount after a week. I did not deposit the cheque. that is
never took any money from Birla Sunlife Insurance)
After a year a realised a loan of 1 Lakh still showed against my Policy with 18000/- accrued interst.
On bringing this to the notice of Birla Sunlife they reverted that the loan amount will be removed but I have to pay the accrued interest.
Why should someone pay interest on an amount that they never received.
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