Trapped in ULIP? Duped by your agents/bank/witnesses? Policies were miss-sold by exploiting your innocence? Is your own signature betraying you? What shall you do? Before reading the tips, please remember that law is made by human beings and laws has been changed time to time according to the human need. If powerful people have misused it, don’t keep mum– please protest—those ethical frauds are sucking your hard-earned money.
Now let’s start our journey:
1. Open your policy documents, find out the details of witnesses and agents. If you do not find it in the bond, ask your concerned customer care.
2. File cases against them for misleading you by providing you with false verbal statements/promises under Perjury IPO 191, 192, 193.
3. If your policy was issued by your bank, your supposed financial adviser, complain against your bank for breach of contract under Section 415, I.P.C. and as such prima facie amounts to an offence under Section 417, I.P.C.
An analogy: In case of sexual intercourse with a verbal assurance of marriage and later on refusing to lead conjugal life in the context of heterosexual relationship, the event of heart balm is considered as a crime of cheating on the part of assurer. If so, why is it not applicable to other cases of cheating with verbal assurances/promises? If tremendous public pressure may compel government and judiciary to consider this analogy in deploying above-mentioned IPO, IPCs in case of mis-sold ULIPS, there will be a magic called revolution.
4. Following the rules of RTI 2005, spend Rs. 10 to know the utilization of your allocation charges. You must know that no policy should charge more than 40 per cent as charges from the policy amount as per the Insurance Act, 1938. But in major cases almost 70 per cent has gone as premium charges. As per the Section 41 of Insurance Act, 1938, no agent whether Individual or corporate agent should employ sub-agents to sell insurance policies. Please note that the fund administration charge is separately levied to manage the fund.
5. Now it is time for your tiresome journey to strengthen your case—you have to google the messy past of your concerned insurance company and bank. I am sure that you must get the history of money laundering, drug trafficking, terrorist activities, scams, scandals, fraudulent transactions, forgery etc. After all, banking is the greatest scam on the earth. You are clean but they are not! Ask government: Why are these types of criminal operating in the public domain?
6. You have to cite precedence of cases that went against banks, service providers’ mis-selling of such toxic policies. (I myself did that in case of Bajaj Allianz-Standard Chartered Bank collusion cf. https://www.facebook.com/notes/debaprasad-bandyopadhyay/unmasking-ethical-fraud-standard-chartered-bank-bajaj-allianz-insurance-co/487426344658548 )
7. No, you don’t have to go to the court for this—you can do it online with the help of IRDA, Akosha (you may have to pay a little amount, if you wish of course, here for executing your case), Hello Peter, Consumer Court, Policy Complaints, Grahak Seva, Grahak Suraksha, Core Center, Consumer Complaints, Mouthshut etc.
8. And also write to your service provider’s Customer Care Service demanding a calculated compensation for causing mental agony, depression, frustration, wasting time, obstructing your duty etc.
9. Spread your plea to different social media sites—as many as possible. It is part of your campaign against a rogue, a thug, a con… Post your research on their messy past on their social media site. They will surely block you, but that’s your strength. And that blocking would prove that you are in right path and they are scared.
10. Apart from such individual effort, dear victims of ULIP, be unite by creating only one pressure group and I am sure of glorious victory. The Occupy Wall Street Movement told us that no Bankers are too big to jail! Initiate a movement against Dalal Street (if you wish) to save your progeny from the necessary evil of money to money-signifier circulation (m-m’-m’’).
We shall overcome. Best wishes to all of you—even to my worst enemy, the bankers and private insurers. Hope is still there in Pandora’s Box. satyameva jayate.

About Debaprasad Bandyopadhyay

Debaprasad Bandyopdhyay (b. 1965), through his 25 years journey in the realm of institutionalized academics did 27 different types of works, which are someway different from the earlier paradigms or, one might say that those works are not only mere reproductions of his inherited institutionalized cultural capital or a mimicry of a colonially imposed model that leads to intellectual anorexia or rather a type falsification of earlier paradigms. However, that might be not only a lofty claim but it also hid the fact that all our information and knowledge are socially accumulated knowledge that was, it is matter of regret, posed as private property through the sign © and the wisdom is rarely available. Bandyopadhyay’s works and projects are the products of his social milieu. Bandyopadhyay is a local sub-altern public sphere academician, who avoids the technical intelligentsia (followers of Sahib’s models and they are not committed to the persons who are accommodating surplus work-time to them by performing surplus labour) or inorganic intellectuals and thus fails to be a part of academic tribe and its subsequent socialization process. Of course, that socialization process does not lead to legendary Socratic dialogue. He is also a political activist though he has not affiliated to any political parties as he was always talking about the corporatization of political parties within the money-sign-based democratic system. He is a regular participant in TV and radio talk-shows and documentary films, street-corners’ talks and International seminars on socio-political, psychological, linguistic, environmental and economic issues. He also writes editorial columns in newspapers. He is also a part of parallel academics as it is found in West Bengal’s Little Magazine Movement, though that was not counted as the part his academic pursuit by his parent institute. His parent institute justifiably does not believe in the domain of parallel academics as this unorganized sector does not directly contribute in the transactions of formal/organized print capitalist eco-enemy paper-publication. Though the dissemination of knowledge is also observed in this space of these parallel academics as all these writings in public sphere simultaneously influence the classroom-discourse and some of them are translated into English, French and Italian. Not only that, Bandyopadhyay also sought engagement with the people, who, by supplying their surplus labour, are sustaining his livelihood. Bandyopadhyay, a linguist by training and a Ph.D.-holder (1996), a junior lecturer (1999-2011) in an autonomous central government institute in India, tries his best for those from he has received and is receiving the manifestation of surplus labour by executing some self-funded projects on economic issues in West Bengal, India. Recently he has got a consolation promotion to the post of Assistant Professor. He has done following 27 research works: 1. Crippled Creativity: An inquiry into language, psyche, society: 2. VALENCY OF BANGLA VERB AND PROBLEM OF COMPOUND VERBS: 3. Archaeology of Bangla Grammar : 4. CAN COMPUTER SPEAK? 5. FUZZY LOGICAL EXPRESSION IN BANGLA : 6. FOLKLORE AND FOLK-LANGUAGE: MYTH OR REALITY? 7. HISTORICISM IN THE DISCOURSE OF BANGLA LANGUAGE AND LITERATURE 8. ABHABA, ECP, DELETION AND TRACE 9. SVATVA OR MY-NESS AND ECONOMIC ENTITLEMEMT 10. TRANSLATION STUDIES 11. MASCULINITY STUDIES 12. YAYATI & BABAR COMPLEX 13. SOCIO-ECONOMIC SURVEYS IN AGRICULTURE AND INDUSTRY IN WEST BENGAL 14. CONCEPT OF BODY IN INDIAN PHILOSOPHY AND ARCHITECTURE 15. THE CONCEPT OF ERROR (KHYATI) IN MAD-(WO)MEN’S LANGUAGE 16. THE CONCEPT OF PERCEPTUAL TIME AND GRAMMATICAL TIME IN BANGLA 17. BANGLA CALLIGRAPHY, LANGUAGE ART AND LINGUISTIC PEDAGOGY 18. WO(L)D SPACES: NON-EXISTENCE OF WORDS 19. ANEKANTA METHODS 20. SILENCEME: SILENT OTHER IN LINGUISTICS 21. IMAGINED BOUDARIES AND PRE-COLONIAL INDIAN IMAGI-NATION 22. MAKING OF THE INDIAN PHILOSOPHY OF SCIENCE 23. SEGMENTING THE SUPRASEGMENTALS : MUSICKING IN SPEAKING 24. INTERPRETING GENETIC STRUCTURE BY DEPLOYING LINGUISTIC STRUCTURE 25. GLOTTOPOLITICS OF LINGUISTIC SUBALTERNITY OR AN AGENDA FOR PLANNING FROM BELOW 26. SEMIOTICS OF PHOTOGRAPHY 27. SOCIOLOGY OF CONTEMPORARY ACADEMICS
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