One of the Axis Bank account holders got a ‘free’  Group Insurance policy from Apollo Munich insurance co. The account holders do not have a say in this.  Axis Bank gets noted as the insurance broker and in exchange has sold the data base of account holders. The account holder will now be a victim of calls and emails from the insurance company.

The account holder contacts AXIS Bank to get out of this mess and is directed to the Insurance company. It is a nice merry go round created by the crooked banksters in search of a few rupees of commission.

With bankers like AXIS BANK selling your information in an illegal manner, your privacy is shot to hell. And RBI may impose some idiotic fine of a few rupees and let the dishonesty continue

Wonder if RBI or IRDA or anyone has anything to say on this.

Of course, it is useless to expect any degree of honesty or ethics from this shady bank which has its roots in the erstwhile scam tainted Unit Trust of India.

Advertisements

One thought on “AXIS BANK- THE MIS-SELLER

  1. Best to setup a blacklist of such numbers and block such calls on your mobile. No point of arguing against such established systems. I’ve been unable to get out of SMS and email of pest control companies, and you are cribbing about insurance companies!?

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s