Till date my surrender of policy amount has not been received.For the past one month they are delaying to transfer my money. I am in need of money. I request you to approach max life insurance to settle my balance . I am retired government employee, and 70 years old. I took the Insurance policy in Max Life Insurance company in the name of my daughter. I am paying Rs.55000/- as insurance premium per annual from July 1911 to July 1916. The premium had been deducted by the Max insurance company from my bank account every year and the total amount up to 3, 30, 000 /- At present situation I have no money I am not able to pay the premium amount and I want to close the policy and the matter had been intimated to insurance company. They transferred a sum of Rs.102124.59 on 21.8.2017 .when asked for the poor amount reason again they transferred a sum of Rs.51544.56 on 15.9.2017. From now on I know that they cheating peoples money. The Max insurance company does not have much office. They employee agents via banks. such these companies will get bad name for the Government also I want inspection and audit at this insurance company . I hope that you take necessary action right way. There is no such insurance company like Life Insurance corporation. Totally I have received Rs.1, 53, 669.15 from the Max Insurance company.In addition I have enclosed a statement from Max Insurance company herewith .Please take immediate action and help me.
Statement of Account
Mentioned below are the details of your policy no.[protected] and its performance for the period 16-JUL-2016 to
15-JUL-2017.
Policyholder Name Sum Assured (Base)
Mr. V Jagathratchagan ` 5, 00, 000.00
Product/Plan name Sum Assured (Rider(s))*
Max Life Life Partner Plus Limited Pay Endowment to Age
75 Plan ` 0.00
UIN No. Total Death Benefit*
104N029V01 ` 8, 23, 110.09
Life Insured Policy Status
Ms. J Suganya Premium paying
Nominee Cash/Surrender Value
V JAGATHRATCHAGAN ` 1, 42, 998.23
Effective Date of Coverage Maximum Loan Permissible @ 11% (applicable rate of
interest)
16-JUL-2011 N/A
Maturity Date Annual Premium + GST
16-JUL-2069 ` 55, 404.16
Money Back Amount (If any) Premium Mode
` 0.00 Annual
Money Back Due Date (if any) Next Premium Due
16-JUL-2017
Bonus Option Opted (Cash/PUA/Premium Offset/On
Deposit)
PUA Purchased (Base + OPPB)
Paid Up Addition ` 91841.47
Bonus Declared (Base+OPPB) PUA Sum Assured**
` 12994.65 ` 3, 23, 110.09
Was this information helpful?