Kotak Life Insurance — Kotak life insurance is fraud, cheating us | |||
Hi My policy number: 01744109 3 years back a agent from Kotak approached my father and asked us to invest 1 lack Rs, he said locking period is 3 years only, my father invested his lifetime earnings of 1 lack on the insurance scheme given by kotak, later with bond my father approached him, there he told my father that this policy is for 20 years but locking period is 3 years, you can take back money anytime after 3 years. We are middle class people, agent has misguided and made 20 years policy and made us to pay 1 lack per year, how can we get that much money. We are staying in rented house, So many other commitments are there. In this how to arrange 1 lack per year to pay the policy. Some how first year my dad had his retirement earnings and invested thinking its just 3 years policy. But now its turning so bad that, we need to pay 1 lack for 20 years my father age is 60, i have a sister also we need money for her marriage. In this time from where we need to arrange money. our condition is very critical. I kindly request you to please refund our money. Was this information helpful? | |||
 2 Comments | |||
Comments
hello dear, , ,
realy feeling very down after reading this.. kotak life insurance company is fake company..
as they have marked this case as resolved . please check above.. you have to resubmit complaint with this details
also write to '[protected]@irda.gov.in'
'kli.[protected]@kotak.com'
if they also not taken any decision .. we will all together will teach them a good lesson!!!
realy feeling very down after reading this.. kotak life insurance company is fake company..
as they have marked this case as resolved . please check above.. you have to resubmit complaint with this details
also write to '[protected]@irda.gov.in'
'kli.[protected]@kotak.com'
if they also not taken any decision .. we will all together will teach them a good lesson!!!
3 years back, the Branch manager Fransis Sunil (Shimoga Branch) misguided my father to take this policy. The Branch Manager told us we need to pay Rs 1 Lakh rs One time and the lock in period is 3 years, When we got the Bond, we asked him for clarification. For which he told us the policy is for 3 years and the maximum duration is 20 years. He told us we can withdraw any time after 3 years. We believed his words because he is the Branch manager.
Now its been 3 years after we started policy. Kotak has Foreclosed the policy 01744109 without any notification and sent us a cheque for Rs 10, 000. We have returned the cheque back to Kotak.
Kotak with its Fraud Branch Manager is playing with hard earned money of common people. I never expected such a thing from a big company like yours. I request you to refund my total money invested in the fund 3 years back.
1 Lakh is a very large amount for a common man, please do not neglect and play with your customers money