14 Jun, 2019 → by ClaimboUser174996
Scammed Generali Vision
1
GENERALI VISION - DONT INVEST I started the Generali vision plan in Dubai in 2010 with the stated objective of saving up for my son’s college education which is due 2017. In hind sight, I realise this was a very foolish and BAD decision. The agent who signed, Arish Ehsan, advised that I should put a higher contribution in the first 18 months and then can reduce the contribution. So the for the first 18 months, I contributed 2500 USD per month, a big contribution for me. Now I am told that fees is calculated on the initial investment! I am sure that the agent got his big fat commission and I was the guinea pig. Now after 9 and a half years and over 100,000 USD investment, my fund calue is still at 91k and they have made 30,000 in charges!!. Every time my find grows, their charges also grow. I made 5000 USD last year and they debited 4800 in charges!! This is cheating and absolutely ridiculous. Even if I had put this money as a fixed deposit in a bank, I would have made more money. This is robbery of my hard earned money. Now with just another 6 months, i have no confidence that i will even get my capital back. I would like to close this and my capital back. When I search the net, all I read about Generali is horror stories. I wish I had known earlier, I would never ever have chosen this fund. Reason of review: NEED MONEY FOR SONS COLLEGE FEES BUT GENERALI HAS CHEATED. Monetary Loss: $100000 plus