Whom So Ever It May Concern.
We Request You Kindly Look in to This How IRDA Approved Company Can Help Such A Ponzi Sheme.
We are the victims of MLM Companies. Recently we got to know about a new MLM Company called Vcare. It has come to our notice that a New MLM Company by Name VCare has come to Bangalore. This again looks like a cheating company. This Company is selling Future Generali Life Insurance and they are promising very high commissions. The Companies concept is a Binary concept i.e. a pyramid/Ponzi scheme / Money Rotation Scheme. They are promising very very high rebate on selling insurance policies to the public. They are even promising cars like Mercedes Benz, Audi etc for very small business. How can they give such a high rebate to these cheaters?
Our questions is that how can IRDA allow such things to happen in the market? According to IRDA only licensed company can sell insurance. Vcare is even making distributors or sub agents without any license. None of the persons of Vcare selling life insurance is licensed and don’t even have any knowledge about life insurance. They are just cheating public by showing huge money. They are selling the life insurance plans with full of false promises assuring the public they would get huge money. Even Future Generali life Insurance company people are also involved in this MLM Company. The key people of Future Generali Life Insurance Company who are involved with Vcare are Mr. Balaji V.K –(Bangalore-9986550055) They are helping this fraud company to do business in Bangalore with the help of Mr.Vincent, He calls himself a MLM Leader(Leader of All Cheaters). This fraud company tried doing business in Kerala and Hyderabad but could not as they faced difficulties running their show because of the strict system in those states. Many people have already been cheated in Kerala and Hyderabad. Now since they can’t run their show in those places they have now come to Bangalore. The entire team of Future Generali Life Insurance Company is involved with Vcare. The company makes its presentations in big 5 Star Hotels to attract public. These companies promise very high paid money and finally cheat the public and run away. There website is https://vcareplans.webs.com. This website will give details on public can earn money, which is practically not possible according the IRDA norms.
Future Generali is just interested in their Business so they are helping the entire team of Vcare to setup their business. Future Generali is least bothered about the public. They even know that no one can pay so high rebate, but still are involved and helping the fraud company. We got to know that even one Mr. Balaji V K of Future Generali life insurance Company from the Bangalore office is fully involved with the fraud company. He is always present at all the presentations of Vcare and even he is assuring high returns to the public. How can an employee of a Life Insurance company give false promises and promote a Fraud Money rotation scheme.
It’s our humble request to look into the matter and save the public by being cheated .