I am very good customer and privilege customer of icici bank . My banker said me there are some good investments which you can do and save taxes .
I said ok and in time of policies he said I can cancel polices any time I need my funds on with some deduction of money before some certain time . So I have been running 3 policies from ICICI bank Guarentee saving insurance plan - 17074926, Pru pinnacle super - 16176023, and IPRU Elite life II - 18629779 .
I keep asking my bankers that whenever I need funds these polices can be cancelled they said yes with some deduction of money . I am ok with some deduction of money.
But When I went today to branch in Delhi to cancels my polices they said they cant be cancelled as 2 polices have locking period of 5 year and one have 15 years WTF is that . Even the last policy I have done this year my banker has send policy to other home town address instead of my address as if I read the policy I will not able to cancel it.
It is just total waste of my money and time and worst Banking I have ever had with ICICI . I am going to close all my saving and Current and loan accounts from ICICI and I need my money refund back in any cost or I will file cases against you guys .