Max Life Insurance — poor performance

i am also a policy holder and in the first time i have paid 20000 on 23-feb-2007 and for the second time i have paid 21000 on 23-feb-2008 and for the third time i have paid 22050. that means my total investment is 63050. i asked the current status of the policy they said that if i surrender now i will get only 45000.so i am losing my money and i am subjected to mental stress and strain

I totally agree with you.The same thing happened with me.My total premium paid in last four years is Rs 2, 15000/-.Just to know what my fund is doing I just check accross the phone call and I was surprised, its present vallue is Rs1, 58000/- only.27% down.So if in last four years the performance of this company is so poor how one can beleive that in future our investment is going to grow.How can this company makes such falls commitments. I asked the person on phone, how my investment is reducing ? he said the market is down.That's not true as my other policies are giving me the good returns how can this possible.
Though the company is doing so much advertising on investment policies don't get cought in to falls promices.This is my own experience with Max New york life.
You can check the experience of other policy holder of Max newyorklife.

I agree! A also disappointed!! I did only for tax saving, but after this i have lost more money than that of expected tax deduction!!

Can We raise a complaint for this?

very very poor performence