These guys can go to any extend to sell their products. One guy from ICICI calls saying that they have an insurance plan wherein they will pay the premium, only that I have to take in my name.
I wanted to know how could they do such a thing without they benefiting from this transaction. They tell me that they are making money by saving tax, as this will be shown as an investment from the individual and not the bank.
After much clarification I take up the insurance under the impression that I dont have to pay anything. But after a month when I see my credit card statement I find that the same is charged to my card. When I call up the phone no this guy had left with me, I find that there is no person by this name and he has fooled a lot of people giving this excuse. He informs that it is an investment plan from ICICI Lombard.
These people are real cheats just to get people to sell their product. Never believe these guys.