[Resolved]  Kotak Life Insurance — Kotak life insurance is one of the fraud company

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Bangalore, Karnataka

Kotak life insurance is one of the fraud company. My suggestion to you guys Don't take any insurance policies from this company. I have paid around 85k for 3 years under money back plan and got back 51k at the end of 3rd year. Here the issue is that Kotak won't specify exact surrender value in policy document. they won't even show some exact calculation of how much amount we receive while surrendering. They just specify its just more than the guaranteed surrender value which is 20k if you have paid around 85k. Hence this is the way this company cheating the customer. Don't ever take kotak life insurance policies. If you walk into any kotak life insurance branch offices there are many people you see surrendering their policy. This company eats the customer's hard earned money.