[Resolved]  Kotak Life Insurance — ECS debit

srilakshmi — tollfree

i am yuvaraj from erode. so not to tollfree number. so u clear the number. mobile number : [protected]

Kotak Life Insurance — i LOST 9.000 IN KOTAK LIFE INSURANCE

Dears

I have invested my hard earned money 3 years premium of Rs 20,000 each year total Rs. 60.000 in Kotak Life Insurance by false promises of the agent minimum 20% returns and maximum 47%.

When I went to check the current accrued amount in Kotak Life Insurance office my hard earned Rs.60,000 became Rs. 51,000. The agents are cheat they give false promises to get you in the KOTAK net and the agents are paid 20% as commission for every premium paid.

In my case my agent got Rs. 12.000 as commission where I lost Rs. 9.000 over a period of 3 years by investing Rs. 60,000.

Still, they promise the market will improve and I would be compensated. I am sorry. I don’t want Kotak to run the business with my hard earned money. Lost is lost .

Please refrain from investing in Private Insurance including Kotak, all are cheaters and you will loose your money

Dear Customer,

We would request you to please coordinate with us on kli.[protected]@kotak.com, mentioning your policy details, so we may look into your policy in greater detail and better assist you on this matter.

For further queries please feel free to write to us or contact our Client Service Desk on[protected]Toll Free)

Regards, Kotak Support Team

Dear Madam,

We would request you to please confirm your policy number, post which we will be able to check on this issue. We would request you to share your policy details on kli.[protected]@kotak.com.

For further queries, please feel free to write to us or contact our Client Service Desk on[protected]Toll Free).

Regards, Kotak Support Team

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.