[Resolved] Kotak Life Insurance — Deceiving customers | |||
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 eg, if the policy of 20 per year, i have paid 60k as of now but the fund value is 55k and another 4-5% on this, so instead of getting profit after 4 years, loss of around[protected] which is ridiculuos. When I call and ask them about the loss, the only answer they have is market down. I do not think in last 4 years the market is continuously down, there was a tym when it was going good also. I have policy in BirlaSunLife also but there I am not facing any loss, however the profit is not so high but atleast I am getitng my money back. I will not suggest anyone to get a policy in Kotak. It is my worst experience. I do not know where these people are investing your money. It is tottaly not transparent. Can you tell me how can I get atleast the deposited money back. Regards, Pooja Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
 3 Comments | |||
Comments
Lul!!! You Kotak mahindra just do here copy and paste and nothing, you never replied any email, You are all Fraud and cheaters!! your staffs people are rude and arrogant. No reply and nothing. internet is full with your scam, Who is Mahindra?? why are you messing the name of Mahindra??? did he know you are all running scam business with using Mahindra name!!! shame on You!!!
Kotak mahindra Scam!!! Scam!!!
Kotak mahindra Scam!!! Scam!!!
Once you do the policy, agent and Kotak mahindra will share 60/40 and if you fail to renew your policy, all your money, their company ceo and executive will use for luxury life style... this is India, they are doing regular fraud and ministry have no time to see such scams!! CBI must intervene in this fraud, otherwise lot of innocent will be victim of Kotak Mahindra policy fraud.
Our team has made note of your feedback. We recommend you write in to kli.[protected]@kotak.com with the details of your policies, so our representative can contact you and address your concerns. Alternatively, you can contact our Client Service Desk on[protected]Toll Free).
Regards, Kotak Support Team