Kotak Life Insurance Complaints & Reviews

Sir,
I have taken Kotak Life Insurance plan, Policy No 02333841, Client ID[protected] in July-2011. I am paying regularly the premium of rupees 2101/- through ECS system.
On[protected] at 10.37 hrs I received a phone call from Kotak Life Insurance office which will be voice recorded . The caller person confirmed my details normally required for the communication. Tha caller person has informed on behalf of Kotak Life Insurance...

Sir

I Was taken a policy in 27 May 2008 the agent told me that if you are pay 75000 in a year and ofter 20 yrs we will refund you 75 lak
but when i got policy bond paper then see. that this is totaly opposit.
Sir i am paying 15lac in the 20yrs and they are refunding me 13lac

sir kindly refund my total amount which has i paid . the Agent Name is Mr. Chandan Chudiwala and Mob...

Even I fully 100% agree that Kotak life insurance is full of all cheats and crooks agents and staff. They tell lies left-right and center,

And Even we were victims of falsely selling the policy, as we were informed and verbally promised by the KLI kotak insurance Managers, branch mangers alongwith agents that I need to invest in this for the first 3 years only,

They told me that you have to pay the premium...

I have taken home loan in 2008 and for that taken insurance cover from Kotak Life Insurance.
I was paying Rs. 2500/- quarterly, my loan was already cleared in second year and after three years maturity of this i have surrendered it because i have given them so many time ECS form and details but still they did not activated that facility and so that i always have to visit the office and give them cheque for last Three years, at last...

I had sent following mail to [protected]@kotak.com on 30th December' 2011 however no response till date from Kotak. Only we gat automated mail response that they will be contacting us in 24 Hrs. If they call after few days, they say that they will call back within 5-10 minutes after checking my details and then there is no call back.



From: Arun Garg/DEL/TCS
To: [protected]@kotak.combr...

Hi,

I had purchased Life insurance policy from Kotak Life Insurance a few years back, I paid their three years installments but on third installment Kotat's executive came to my office to get my sign on one paper, I asked him about that paper/document and he told me that it is must for me to sign on that doc.

After a year I found fund from my bank account was stolen by Kotak when I complained to them they...

Dear Sir,

I am a policy holder of Kotak Flexi Plane( Policy No.[protected]). I did not get ant statement yet. Kindly provide me the update statement of my policy through email. My email ID is [protected]@gmail.com.


Thanks & regards
Rituraj Bora...

Hi,

Never go for Kotak insurances.

I have 5 policies with Kotak and I am continuously paying premium for last 3 years. Fourth year is going on. I am not intersted in payong any premium afterwards as there is huge loss in all my policies. Even not a single policy is showing benefits to me.

And now when I want to withdraw the amount apart from the loss, I need to pay surrender charges also. for...

Dear,
Sir,



I have take policy no[protected] from kotak life insurance at 17-Aug-2010. Policy kit not deliver to me since February-2011 & i was regular paid total money 1750*7=12250 Rs.
Company was delivered policy to me at 8-Feb-2011 that term & condition was not said by educative(Mr. Sachin Agraval) at policy taken time. he was become me fraud. I was free look that policy at...

My name ia Shashank Deo, a policy holder od Kotak Life. My policy dates back in 2007. When I try to find policy status online I tried first for new user but they say I am alresdy registered. Then I tried registered user and tried forget password link they did not ask specific question but put a set of question . When I do not remember my password how can I remember secret question which I am supposedto answer. Then I tried toll free phone...

1. One of the Agent (Nitin) of Kotak Life Insurance called me to briefed me about the Kotak Superadvantage policy and sent one of his executive to my residence for further details. The executive explained me about the policy and told some benefits that were very attractive. The benefits included No premium to be paid after 4 years, 200% bonus at the end of third year.
2. When I asked the executive for the written proof of the above...

phone call from kotak mahendra adviced me to invest into an insurance policy for which i would be given bonus of Rs225000 after a term of three months time, but infact the people who had made the phone call said that it is not possible and they will arrange for the reimbursmernt of the payment given by me for the insurance policy, but nothing has happened,when i call them on the number provided by them they say to complaint the matter to...

Dear Sir

My brother in law has two policies with Kotak Life insurance.Policy no is 01288731 fvg Raj kumar aggarwal and 0128867 fvg his Mrs Sapna Aggarwal of dt 17/09/2008 and 18/09/2008.After payment of premium for three years we are really surprised to know the fund value.After paying 1.50 lacs fund value is nearly 96000/- and other policy after paying 75000/- fund value is 45000/-.The insurnace company told us that they are...

I was a customer with Kotak Life Insurance. I guess that was my worst mistake ever. when i signed up for an investment plan with this company i had a number which i was using. now the same numbe is being used by my mom for the past year or so. I have requested Kotak not to call on that number, but they dont understand. every couple of days they will call on the number especially when my mother is sleeping , tired after finishing all the household...

26.08.2011

DEAR SIR,

Subj : KOTAK LIFE INSURNACE POLICIES NO. 1602191,1602198,1602175 AND 1637663 PREMIUM REDUCTION ISSUE

THE AFORESAID BELOW POLICIES WAS TAKEN BY ME FOR MYSELF AND MY FAMILY IN THE MONTH OF JUNE 2009 AS PER DETAILS GIVEN BELOW AND ANNUAL PREMIUM FOR EACH POLICY WAS RS 5 LACS FOR THREE YEARS.

KOTAK LIFE INSURANCE PLAN (UNIT LINKED ENDOWMENT)
br...

Name: Asmita Sinha
Policy No. : 01082825

I had taken Kotak Smart Advantage Plan (Policy No. :[protected] by seeing Brand Name of Kotak Group by investing monthly 1,000/- since 09/06/2008. But, we are totally frustrated with the behavior and approach of Kotak Life Insurance Company (Kotak Life Insurance, 6th Floor Chokhani Square, Sector 18, Atta Market,Noida-201301 Tel No:[protected], which we have been never seen in...

Dear Sir/Madam,

This is to request you please change my address & D.O.B. My old address is M/S Tilakdhari Jewellers
sarafa Bazar, Bharatpur (Raj.) 321001. pls. change it into Tilakdhari Jewellers, sarafa Bazar. Bharatpur (Raj.) 321001 & My old D.O.B in my policy is 04/06/1958 pls. change it into 04/06/1957.

kindly change both my address and D.O.B as soon as possible.
...

Name of life Insured : Rahi Virk
Policy No. : 01075919
Plan Name : Kotak Smart Advantage Regular (UIN-107L043V01)
Date of Commencement : 05.06.2088
Premium Paid Upto : 05.06.2011
Branch Code : CH1N
Basic Premium : Rs. 30,000.00
Policy Status : In Force...

i am ex employee of kotak life My employee No. is OM 10981 my issue is after resignation i didn't recd. my form 16 so , i need my form 16 so that i can file my income tax return.

Form 16 reqired 2008-09 , 2009-10 ,...

My self Lalit Suresh Chaudhari, Aurangbad. I take policy from kotak Life Insurance in jan 2006. I pay 3 Half yearly Installments each Rs.25,950/- Total Deposit Rs.77,850/- last i paid installment July 2007. after due to family matter I am not able to pay next installement. I demand return my deposit amount to kodak company the company executive said not return any amount and cannot any help to you. i didnot understand what say company...

I hold a Kotak Life Insurance, currently which is in the lapsed state. I have received no communication from Kotak Life Insurance (KLI) in which ever form ever since the policy was initiated. I realize that I had an Insurance with KLI only when a tele caller called me and spoke to me. I enquired and he gave me details after which I started following up. This Insurance was sold to me cunningly by the same bank(Kotak Bank).I was not informed...

hi
i am binod sharma sr manager in kli at janakpuri branch after three year of serve i resign kotak and submitt the pf withdrwal form in nov. 2010 and hr person ms . vaishali send me acknowledgement 31.01.2011 i ask him hr they told me due to computersiation it's delay and told me sir till april u will recd. your amt. but still i didnt recd ...i dont know when i will get my money .....? i register so many complain but no result...

Some of my policy papers contained signature forged by Kotak agent. Requests to either cancel the policy or change the documents are ignored.

Correspondence:

Sir,

I am in receipt of the policy No. 02256664 Client ID 54171176 and Policy No. 02256671 Client ID 54175954.

Please note that certain documents attached to the captioned policies do not carry my original signature. A cursory...

As I have purchased life insurance policy from kotak mahindra old mutual life insurance ltd
policy no.00984858 in my wife's name and paid Rs,15000/-.They have not intimated and provided for payment
of istallments any assistance.So i could not pay the money.And suddenly they terminated policy without any payments.
Therefore i request you the justice and payment of my balance money please...

my name is des raj son of kundan lal,resident of ward no 3,mandi dabwali distt.sirsa.
point no.1--agent told me sbi life insurance company and further told me that there is a policy named as shubh nivesh and even if me is more than the age of 60 years,he can be insured under the said policy and on this pretext you took a sum of rupess 10000/- from me named above for the above purposes.that to the great surprise od me the addressee...

I was asked to deposit 30k in Jan 2010, for which I never got a policy document and now after an year they are asking for more money. Although I was told by the portfolio manager that its only for an year..

This company is making fool of innocent people and infact targetting to capture the hard earned money by some sophisticated way... Pls don;t get into their trap and do not apply for any of their policy, the basic aim of...

hi,
i took kotak life insurance last year for tax benefit.
In which i need to pay 15000/year for minimum of 3yrs.(which i dint knew about it).
they would have called me and can debited this amount after my confirmation for continuation for three years.
without my notice they have dropped a cheque to debit 15000 from my account.
because of in sufficient founds,the cheque got bounced back.and i was charged...

Dear Sir/Madam
I had invested Rs 50,000 in an ULIP plan of Kotak Life Insurance in February, 2010. I had a very strong belief in the brand & the company- Kotak & Old Mutual and hence committed mistakes of not reading the policy documents. When I read policy documents of the company, I realised that Rs 15,000 have been withdrawn without information.
In an investment of Rs 50,000, 40% have gone into the drain in the first...

I am Pravin B. Narkar ,life insurance policy holder. Kindly provide the paid premium statement from date of commencement.Also from april 2009 I have not pay premium due no correspondance.
following are the my policy plan details.


PRAVIN B.NARKAR
[protected]@gmail.com
[protected]
[protected]
[protected]


Client ID[protected]

Policy No.00532811br...

Dear Sir,
This mail is in context to a complaint against Kotak Life Insurance Co. Ltd. This is to bring to your knowledge that I purchased a policy under policy no. 01915107 with a half yearly premium amount Rs.13,000 bearing risk cover of Rs. 200,000 from an agent of Kotak Life Insurance Co. Ltd, Moga Branch. It is basically a ULIP policy with a term of 15 years. Many facts regarding the policy terms and conditions such as it is a...