IDFC Wealth account upgrade

[HumorSimpson]

Dear Sir/Madam,



We acknowledge receipt of your email dated 10/11/2024 regarding the cancellation of your ICICI Prudential policy with the policy number . We appreciate your trust in our services and apologize for any inconvenience caused.



We would like to inform you that policy cancellation within the Free-look Period is subject to the deduction of Free-look Charges. After deducting the applicable charges, the premium paid will be refunded to your account. We will deduct the stamp duty charges of 0.025% on the Sum Assured along with any expenses incurred by the company for conducting medical tests. The tentative amount could be in the range of Rs.2,000/- for a domestic customer and amounting up to Rs.35,000/- for NRI customers.



We understand your decision to cancel your policy, but we would like to emphasize the importance of your insurance policy as a critical financial planning tool for your family''s secure future. By cancelling your existing policy, you would lose the following key benefits and policy features:



Key Benefits:



1.Regular income up to 99 years of age followed by a lump sum on maturity 2.Option to start receiving income immediately from the end of 1st policy year/month or defer it for a few years as per your need 3.Protection through life cover till up to 99 years of age 4.Tax benefits may be applicable on premiums paid and benefits received as per prevailing tax laws



Death Benefits :



On death of the Life Assured during the policy term, for a premium paying or fully paid policy, Death Benefit shall be payable to the Claimant. For all the three plan variants Death Benefit will be paid out as a lump sum to the person specified (known as the Claimant) in the policy. Death Benefit is equal to: a. Sum Assured on Death, plus b. Balance in Savings Wallet (if any), plus c. Interim Survival Benefit (if any), plus d. Terminal Bonus (if declared) Where, the Sum Assured on Death is the highest of: • 7 times the Annualized Premium, • 105% of the Total Premiums Paid as on the Date of Death • Death Benefit multiple times Annualized Premium. On payment of Death Benefit the policy will terminate and all rights, benefits and interests under the policy will stand extinguished.



Maturity Benefits :



On survival of the life assured till the end of the policy term provided all due premiums have been paid, we will pay the following. For all the three plan variants, Lump sum benefit at the end of the policy term which will be equal to the sum of: • Sum Assured on Maturity (i.e. equal to sum of all Annualized Premiums payable), plus • Balance in Savings Wallet (if any), plus • Terminal Bonus (if declared) On payment of Maturity Benefit the policy will terminate and all rights, benefits and interests under the policy will stand extinguished.

We strongly recommend considering the long-term benefits and tax advantages of staying invested in your policy. Moreover, you can avail tax benefits on the premiums paid each year.



However, if you still wish to proceed with the cancellation, please provide us with the confirmation for cancellation on lifeline@iciciprulife.com.



Note: The amount shall be credited to the account from where the premium is received.



Thank you for your understanding and cooperation. Should you have any further queries or require any assistance, please do not hesitate to contact us. We value your relationship with us and are committed to providing the best possible service.



On receipt of these details, we assure you that we would be able to address your email promptly.





Yours Sincerely,



Siddhesh Chafe

Customer Service Team

ICICI Prudential Life Insurance Co. Ltd.

so whats the question ? if the cancellation charges are ~2K inr, nothing to worry, you came out of a big sh**t .

 

[Vasuki]

Dear Sir/Madam,



We acknowledge receipt of your email dated 10/11/2024 regarding the cancellation of your ICICI Prudential policy with the policy number . We appreciate your trust in our services and apologize for any inconvenience caused.



We would like to inform you that policy cancellation within the Free-look Period is subject to the deduction of Free-look Charges. After deducting the applicable charges, the premium paid will be refunded to your account. We will deduct the stamp duty charges of 0.025% on the Sum Assured along with any expenses incurred by the company for conducting medical tests. The tentative amount could be in the range of Rs.2,000/- for a domestic customer and amounting up to Rs.35,000/- for NRI customers.



We understand your decision to cancel your policy, but we would like to emphasize the importance of your insurance policy as a critical financial planning tool for your family''s secure future. By cancelling your existing policy, you would lose the following key benefits and policy features:



Key Benefits:



1.Regular income up to 99 years of age followed by a lump sum on maturity 2.Option to start receiving income immediately from the end of 1st policy year/month or defer it for a few years as per your need 3.Protection through life cover till up to 99 years of age 4.Tax benefits may be applicable on premiums paid and benefits received as per prevailing tax laws



Death Benefits :



On death of the Life Assured during the policy term, for a premium paying or fully paid policy, Death Benefit shall be payable to the Claimant. For all the three plan variants Death Benefit will be paid out as a lump sum to the person specified (known as the Claimant) in the policy. Death Benefit is equal to: a. Sum Assured on Death, plus b. Balance in Savings Wallet (if any), plus c. Interim Survival Benefit (if any), plus d. Terminal Bonus (if declared) Where, the Sum Assured on Death is the highest of: • 7 times the Annualized Premium, • 105% of the Total Premiums Paid as on the Date of Death • Death Benefit multiple times Annualized Premium. On payment of Death Benefit the policy will terminate and all rights, benefits and interests under the policy will stand extinguished.



Maturity Benefits :



On survival of the life assured till the end of the policy term provided all due premiums have been paid, we will pay the following. For all the three plan variants, Lump sum benefit at the end of the policy term which will be equal to the sum of: • Sum Assured on Maturity (i.e. equal to sum of all Annualized Premiums payable), plus • Balance in Savings Wallet (if any), plus • Terminal Bonus (if declared) On payment of Maturity Benefit the policy will terminate and all rights, benefits and interests under the policy will stand extinguished.

We strongly recommend considering the long-term benefits and tax advantages of staying invested in your policy. Moreover, you can avail tax benefits on the premiums paid each year.



However, if you still wish to proceed with the cancellation, please provide us with the confirmation for cancellation on lifeline@iciciprulife.com.



Note: The amount shall be credited to the account from where the premium is received.



Thank you for your understanding and cooperation. Should you have any further queries or require any assistance, please do not hesitate to contact us. We value your relationship with us and are committed to providing the best possible service.



On receipt of these details, we assure you that we would be able to address your email promptly.





Yours Sincerely,



Siddhesh Chafe

Customer Service Team

ICICI Prudential Life Insurance Co. Ltd.

Good ur 2k will be compensated with idfc welath activation benefits

So u r not in loss .

 

[HumorSimpson]

Good ur 2k will be compensated with idfc welath activation benefits

So u r not in loss .

Yeah this puts faith back in divinity . When God closes one door, he opens another.

 

[Moulidharan]

Good ur 2k will be compensated with idfc welath activation benefits

So u r not in loss .

But after I have received the mail,i received call from that account opener .I just enquired about can I change plan and he was like you need to pay first and cancel and he said I got many approval based on this.and don't cancel ,if cancel he would be getting mail from bm and he told just like upgrading consent,he will do downgrading consent.Can I just cancel the policy and escape from this situation of downgrading threat with the status of wealth?Is that real?

 

[Vasuki]

But after I have received the mail,i received call from that account opener .I just enquired about can I change plan and he was like you need to pay first and cancel and he said I got many approval based on this.and don't cancel ,if cancel he would be getting mail from bm and he told just like upgrading consent,he will do downgrading consent.Can I just cancel the policy and escape from this situation of downgrading threat with the status of wealth?Is that real?

Bro get your money back
F**k about idfc wealth right now

 

[vine]

But after I have received the mail,i received call from that account opener .I just enquired about can I change plan and he was like you need to pay first and cancel and he said I got many approval based on this.and don't cancel ,if cancel he would be getting mail from bm and he told just like upgrading consent,he will do downgrading consent.Can I just cancel the policy and escape from this situation of downgrading threat with the status of wealth?Is that real?

Yes
Please cancel.
Send that confirmation email to lifeline email mentioned.
We deal with the Wealth thing later. Even if they downgrade it, it's not the end of world.

 

[Moulidharan]

Yes
Please cancel.
Send that confirmation email to lifeline email mentioned.
We deal with the Wealth thing later. Even if they downgrade it, it's not the end of world.

Bro get your money back
F**k about idfc wealth right now

Okay,right away sending the cancellation email

 

[6ix9ine]

Okay,right away sending the cancellation email

If that person calls again, tell him you have a family emergency and urgently need 5 lakh rupees. Simple as that.

 

[Moulidharan]

If that person calls again, tell him you have a family emergency and urgently need 5 lakh rupees. Simple as that.

Yes,I am going to tell this

Yes
Please cancel.
Send that confirmation email to lifeline email mentioned.
We deal with the Wealth thing later. Even if they downgrade it, it's not the end of world.

Hereby I confirm to cancel the Newly issued Icici Pru Gold policy during this free look period and be willing to get the full refund .Thanking you

I have replied with this .

 

[Moulidharan]

Bro get your money back
F**k about idfc wealth right now

Yes
Please cancel.
Send that confirmation email to lifeline email mentioned.
We deal with the Wealth thing later. Even if they downgrade it, it's not the end of world.

If he calls for consent for downgrade,I kinda fell like complaining that he is forcing to downgrade in twitter and email and he just told that,don't ever tell any other branch from which i opened this normal variant savings account ,how was my account upgraded to Wealth through this investment plan.He insisted me to tell like my friends brother is working,he did .

 

[HumorSimpson]

Yes,I am going to tell this

don't get pitched by a personal loan for this by him

 

[Moulidharan]

don't get pitched by a personal loan for this by him

I think personal loan is not eligible for me as its minimum age requirement is 21

 

[Moulidharan]

don't get pitched by a personal loan for this by him

Haaa,next time I need to be more safe .Need to think a lot for escaping

 

[HumorSimpson]

I think personal loan is not eligible for me as its minimum age requirement is 21

OMG !!! then escape from this idfc asap.

 

[Moulidharan]

OMG !!! then escape from this idfc asap.

Yes ,maybe within 1 week it would get closed and I might receive torture calls from him and the only fear is he might visit physically .Exams will be starting from day after tomorrow,so I will stay in college for full time😂😂

 

[Vasuki]

If he calls for consent for downgrade,I kinda fell like complaining that he is forcing to downgrade in twitter and email and he just told that,don't ever tell any other branch from which i opened this normal variant savings account ,how was my account upgraded to Wealth through this investment plan.He insisted me to tell like my friends brother is working,he did .

Get your money back and sleep 💀

 

[Moulidharan]

Get your money back and sleep 💀

Yes will sleep happily...I was just confused how to manage this amount without disclosing to parents..Now just relieved from that pain ..

 

[Vasuki]

Yes will sleep happily...I was just confused how to manage this amount without disclosing to parents..Now just relieved from that pain ..

You learn lesson from each instance..
Just don't forget the lesson

 

[Moulidharan]

You learn lesson from each instance..
Just don't forget the lesson

Yes I won't forget

 

[Moulidharan]

@Vasuki @6ix9ine @vine @HumorSimpson

Dear Valued Customer,

Greetings from ICICI Prudential Life Insurance!

This is with reference to your ICICI Pru Gold with policy no. .

We acknowledge the receipt of your payout request on 11 Nov 2024 for Freelook Refund.

The applicable payout amount will be transferred to your bank account in the next 4 days.

For any assistance, call us on 1800 2660 or email us at lifeline@iciciprulife.com

Yours sincerely,
ICICI Prudential Life Insurance