[Resolved]  MetLife — Regarding Admin Charges, Mortality Charges

Address:

Bangalore, Karnataka

Hi,

I got policy from Metlife 2006. My premium was 14399 per annum. Agent told me that I should pay atleast 1 premium. Later I came to know that term is upto 10 years. I should pay atleast 3 premium to avoid laps of policy. After 6 years my fund value is not reached near to my 3 premium amount.

Now I came to know that every year company deducting Admin and mortality charges Rs 6500. I don't know when my amount will reach to 3 premium paid by me. so that I can withdraw my policy. Metlife should not charge admin and mortality charges as insurer not paying premium. I will suggest friends not to go for any private insurance company. They are cheating their customers. If i will surrender my policy now metlife again will charge Rs 6200 for closure of policy. This is the way insurance company getting money. This is purely cheating to public.

Regards,
Mohan