[Resolved] Magic Holidays — Unjustified AMC demand by Holiday company: Magic Holidays

[Resolved] Magic Holidays — Unjustified AMC demand by Holiday company: Magic Holidays

Z zatpatservices from Mumbai, Maharashtra

I have subscribed to one of the plan offered by this company. At the time of sales, executive mentioned about AMC being around 2500 every alternative year for next 25 years. Same was mentioned in the welcome letter. Company demanded exorbitant rise in the AMC as follows. 2011-12 Rs.3500 2012-13 Rs.4600 @ 31% 2013-14 Rs.5250 @ 14% On demanding the reason for such unimaginable rise in AMC, company failed to provide any justification. Only reply available is that it's company's working and have to be paid. Going by this rate, during the tenure of this plan, company can demand a huge sum as company does not have any base calculation. If they have same why they afraid to publish. I wish no new consumers are caught in such trap and they are aware about the real cost of plans or at least predict the probable amount payable. Regards, BHAVIN PANDYA [protected] Was this information helpful? No (0) Yes (0)
Aug 13, 2020 Complaint marked as Resolved
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Comments

manoj1589

from Hyderabad, Telangana

sadasdasdas

Prakhar83

from Mumbai, Maharashtra

I am a victim of this company's fraud. I was called many times by their customer care executive to attend a one hour presentation. In this presentation they presented their 1.57 lakhs holiday plan for 25 years. I was unwilling to pay this money upfront so they offered me gift vouchers worth INR 40, 000. They asked me to pay 10 percent upfront and rest in EMI's thinking that I would able to utilize these holidays and also buy stuff for me worth 40, 00. However, to my dismay, I recieved a call from their Mumbai HO and they again told me about the plan adding that I ould be liable to pay INR 5250 per year as maintenance fee which adds up to INR 1, 30, 000 for 25 years and it makes the total amount to INR 3 lakhs insted of 1.57 lakhs, for which they gave the presentation. To add to this I was told that there are no vouchers. I was total fake which there sales person offered to get me into their bait. I have been duped of Rs 15, 750 to which they are not refunding saying that after 10 days the amount cannot be refunded. I was neither shown any such rule during the presentation nor did I sign any such agreement. Why would my hard earned money not refunded?

I am totally frustrated and want to take them to court. They are running a Ponzi scheme and should be punished.

Regards
[protected]@yahoo.co.in