I had bought a policy no11615556 in feb 2008. my first premieum was for Rs1 lakh. second premieum was due in feb 2009. i was approached by the agent who sold me the policy for second premieum. to which i responded that i am paying Rs 25,000 this time. The agent told me to invest more as the market was at low that time and i will gain more but i could manage to pay Rs 25000 only. in Feb 2010, i recieved yearly statement of policy. in which i was charged with Rs 18500 for premium reduction charges. on enquiring i came to know about these charges. policy rules says that in second year if u reduce the premium i will be charged, but same time i had to give reduction consent in writing. which was not given by me. on enquiring i found that one application was submitted after fudging my signature. on approching coustmer care, i was not denied any info and this told that it is part of policy.
i approached the agent through whom i bought policy. he informed that he himself was not aware about the reduction charges, neither he was informed by the operation cell of jallandhar branch. the agent had deposited the application with my sign fudged.

now i want this matter to be resolved through this forum.
regards,
pawan beniwal