[Resolved]  Max Life Insurance — Fraud company - taken my hard earned money

Address:

Gautam Buddh Nagar, Uttar Pradesh

I have a policy (Policy No.:[protected] with max life insurance -Plan Name - Max Life Life Gain Plus 20 Participating Plan, and while opening the policy on Policy Issue date 25-NOV-2010 I asked agent(Mr. Akhileshwar Pandey - 206766) if in future I want to surrender the policy, he told me that there is locking period of 3 years and after that you can withdraw the policy anytime without any further charges .He did not tell me any charges will be deducted. I am urgently in need of money and so, I called up Max life insurance customer care, and they are telling me that I will et 30% of my investment and that too I wont get the money I paid in 1st year. If they want they can deduct the interest, but atleast return the amount I have paid.This is a fraud. They are not returning my money even after five years.