I have a CitiBank Indian Oil Titanium MasterCard.
All of a sudden, I had received a sms stating that "Rs 13,080.00 was spent on your Credit Card at Citi For Insurance". And I'd received the same information through email.
However, I haven't subscribed to any such 'Insurance Policy'.
Please note that the Citibank Customer Care Executive as well as people from Royal Sundaram pestered me repeatedly, and somewhat rudely, to subscribe to a strange kind of health policy. Being a doctor myself, I did not want such unusual cash benefits and I repeatedly refused to subscribe to any such policy.
Unfortunately, I am used to pestering by insurance agents as well as sales-persons. But the Citi Customer Care Executive crossed all limits. When I said that I am not interested in the proposed health policy, he was adamant and was telling me again and again that I must tell him what were the disadvantages of that policy and I should explain to him why I would not subscribe to it. Even after telling him that being a doctor myself I do not require any kind of additional financial assistance during the period of hospitalization, he was relentless in his pestering. I think, everyone should agree with me that this is a bit too much to bear and this kind of pestering should go against the hard-earned reputation of any bank.
After the unwarranted deduction of money from my account, i had lodged complaint repeatedly : 4 times over telephone, thrice through their online complaint system, twice to the Head, Customer Care Services and twice to their Principal Nodal Officer........all in vain.
I don't know what will happen to the money deducted from my account....but, I, most certainly, warn everybody against a Citibank Card, however lucrative the offer may be.