[Resolved]  Max Life Insurance — Policy no.[protected] surrender of policy

Address:

Chennai, Tamil Nadu, 600043

I wish to bring to your notice the following grievances on my surrendered policy no.[protected] at anna nagar, branch, chennai.
My name is r. Jayavelu, and i am from chennai. I have a policy with max new york which was taken in 13.6.2011 and the policy number is[protected].

The complaint on them is i had payed 3 years premium of 10, 000/- i. E 10, 000 per annum for 3 years. Dur to unavoidable circumstances i could not continue the policy. Today i have surrendered my said policy, and asked about my fund value and they told me that it is 30, 000 but when i asked them to surrender for the same amount they told me that 30% surrender charge would be applicable which was not told at the issue of the policy and they said i would now be getting some where around rs.14, 500/- only.

My friend mr. Varadaraj, policy no.[protected]With 25% of surrender from bangalore already launched complaints against the max insurance branches and got the entire amount as he spent. Due to giving wrong information from your representatives / agents leads to spoil your good name.

Therefore once again i request kindly arrange to return entire money with interest (I. E. Rs.30, 000/- hard earned money) otherwise i will go to the consumer court.
Regards

R. Jayavelu