Kotak Life Insurance Complaints & Reviews

Hello sir,
myself prapti piyushkumar soni,i hadve taken a kotak mahindra life insurance smart advantage plan,policy (UIN-108L043V01) in the year of 31/3/2009..i paid totally 11 instolment @66000Rs. and uncertain i had some problem with my personl concern i totally finished in financ level.i need my this payment back..but due to non response of agent and the branch manager i can not get refund for the same.i really need money and i...

I Dr. Sagar More has taken policy with kotak life insurance in december, it was adviced by Wai Urban Bank (I had taken loan of 32 lakhs for hospital ). Initially kotak agent (Mr. Amar Jagtap ph- [protected]) introduced by WUB gives me offer of 3lakh of premium (non refundable) for cover of 32 lakhs,I refused them they directly come down to settle at 1 lakh still I refused. I inquire at LIC office they told me premium of 46000/- with cover...

Insurance policy no.00322244,Kotak Mahindra old mutual life insurance ltd.I,Murlidhar Baburao Shinde taken kotak life insurance, Dt.of commencement 18/3/2005 . sum
Sum assured rs.500000/- total instalment premium Rs.11995/- . Term: 5.Payment mode Annual.
I have regularly paid instalment amount service tax etc.
Before maturity i.e.on8/3/2010,I...

Dear Sir,
I've taken the Policy from Kotak Life Insurance in (Policy No.[protected]

August,2010. Till date I have not received my Policy Bond &

they are saying that some body Darshan Singh received my

Policy Bond but I don't know any person by this name.
I have send so many mails and talked to costomer care but

every time they are saying the above...

MY NAME IS AMIT KUMAR WAHI I WAS AN EMPLOYEE OF KOTAK LIFE INSURANCE. LUDHIANA PUNJAB. AFTER LEAVING MY JOB I SUBMITTED ALL MY PROVIDENT FUND RELATED FORM AND DOCUMENT TO THE PF OFFICE IN 6 OCT 2010 BUT NOW ALMOST 4 MONTHS HAVE BEEN PASSED AND I HAVE NOT RECEIVED ANY AMOUNT...MY PF NUBER IS MH/187/21519...

Dear Sir,

I am Nirav Ajmera from Rajkot.
I am having Kotak Life Insurance's Money Back Plan policy which I have purchased by Company's executive in 2007.

My Policy details are as under :
Proposal No.: 00497327
Policy Holder..: Nirav Praful Ajmera
Plan Name..: KOTAK MONEY BACK (107N003V01)

At the time of buying this plan he told me to pay 3 premium on time...

sir,
this is in reference to my policy no 01806828, dated 11 dec 2010.
I have paid premium on 11 dec 2010, amount Rs 7500/- by cheque.
but i didn't get the acknowledgement of the same. request despatch the same to my address or on my email id: kumar.[protected]@gmail.com
thanks and regards.

ASHOK KUMAR
CONTACT NO [protected]...

Hello sir,

Due to frequent calls given by sale team somehow, I have taken Kotak smart advantage plan, My policy no.01785417 from kotak life insurance last year, For this year,They have send a collection person one month prior to the due date i.e. oct for nov due for collecting the cheque. i gave the post date cheque for 30.11.2010 to C.saravanan mobile no.[protected], still now it is not presented. Most Probabily every day...

I am having an insurance policy with Policy No.01402058 in Kotak Life Insurance Saharanpur Branch (In Parshawnath Plaza complex) . I had been called in Dec. 2009 by Mr. Amit Karnwal who was the Sales Manager there, regarding the payment of the second premium of the policy. After receiving the information I called that person & paid the relevant amount i.e.- ` 18000/- in cash to him. After receiving the amount he said that the receipt...

my name is aashu khanna. My policy no is 2040349.kotak exucitve misselling me a policy.and he has done fraud with me. He tells some thing else and do some thing else.even i did not have receive my polciy.so kindly help me andplz cancel my policy. I do not want continue this policy. Want that refund my money back...

Policy No.00637796.. Client no.50360747.

I have applied for partial repayment from the above policy on 1st September 2010. Now it is 25 th sept.but no transaction has taken place. In fact it was emergency for fund ,hence applied for partial withdrawal. It ssems the process is bureaucratic and it has been trapped in red-tapism. It was not expected from private sector insurance company.

Adv. JPWakhare...

I have applied for a pension plan with Kotak Life and the policy was not processed due to wrong entries by their staff. I have requested for Cancellation of policy as it was not processed at all on 23/09/2010 and till date i have not received my refund. Whenever i have contacted customer care i have been told that i would take 3-7 buisness days and it going to be a month.

What action can i take against Kotak Life....

Dear sir
I am holder of policy no.1271942 for kotak life insurance.On sept 10th i received a sms on my cell that my cheque no. 763974 dated sept 01,2010 amount 25000/- towards my policy no.1271942 has been dishonored and i was asked to arrange for alternate payment.I am ready to do the same provided my above cheque is returned to me but this is not the first time that i am issuing a cheque to kLI and moreover the requisite amount is...

They have horrible service. I (D.P.Tripathy) have one insurance policy with them. First they send to get the form filled. Wrong information twice. Wrong policies twice. They put up the policy numbers never applied for on their website in my account.

In spite of regular reminders for 4 months they have not changed my address. I get cyber-receipts with old address. The profile in my accounts shows only the security question,...

I have seen many compliant about Kotak life insurance policy miscommunication on this forum. I am also one of the victim. I had been contacted on our landline regarding a investment plan in which I can invest for 3 yrs with premium of 30 K per year and will be getting medical insurance worth 3 Lakhs and mediclaim of 3 Lakhs even if I withdraw my money after 3 yrs. This was non-ULIP plan expecting a good returns upto 13-14%.
But when...

Dear Sir,

I had received the policy from Kotak Life Insurance on 08.07.10 vide policy no. 02018913. After going through the policy , I come to know that the policy is different from the discussion held with Kotak Bank Relationship Manager and the details of nominee , my office address & payment details are incorrect.

Without wasting time, next day i.e. 09.07.2010, I went to the bank relationship manager...

Mr. Nitin Hemraj. Jain
259 – Bhawani Peth
Pune – 411042
[protected]
13th August...

I really feel very sorry to state that its nothing more than a plight of a consumer , i am astonished to the fact that how I am been ridiculed.

Fact remains i had always known that insurance is a contract and stands on uberrimae fidei a legal doctrine which governs insurance contracts.

But seems Kotak Life is working on Caveat emptor .

Contract does not have full information and once is sold...

I HAVE TAKEN LIFE ULIP POLICY FROM KOTAK LIFE INSURANCE PLAN NAME :KOTAK SAFE INVEST PLAN
WHILE SELLING THE POLICY /PLAN AGENT MR.NAYAN SAHOLIYA OF KOTAK LIFE INSURANCE, HAS CONFIRMED FOLLOWING:
1. THERE IS NO EXIT LOAD EVEN AFTER THREE YRS.BUT TODAY I SURRENDER EXIT LAOD AMOUNT HAS BEEN DEDUCTED AND WHEN I ASKED COMPANY THEY TOLD THERE IS A EXIT LOAD IF YOU ARE SURRENDER BEFORE YOUR METURITY
2.I HAVE TOLD HIM I WANT...

I was sold a policy "Kotak Guranteed Pension Builder" with assurances that max. NAV during my plan will be considered for calculating Fund value at the maturity. But no such clause is given in the policy bond paper. Policy No. 02047244 client ID no 53902584.
Thus I want to cancel it.
K.C.Gupta
Mobile : [protected]...

CHEATING BY KOTAK LIFE INSURANCE COMPANY AND THEIR STAFF.


On 2nd April I received telephone call from Kotak Life Insurance Mr Raj his mobile no is [protected] and he told there is one very good policy wherein you get 100% return on Ist year’s investment and maximum you can invest is Rs. 80,000/-. I told him to send his representative so that I can have policy done.

Mr Yash Kapoor representative of...

Dear Sir / Madam

I have surrendered my policy numbered 00660032 on 21.06.2010 at chennai, with cancelled cheque and surrender request form and got accknowledgement also got a letter of proceesing my request from Kotak 25.06.2010 by Deputy chief manager . I am informed that my payment will be processed within 5 working days.Till now Kotak has not paid my money and telling me different stories each day. I am paying my debts with...

Respected sir,

I would like to inform you that I have been complete my return file of years[protected] with my T.D.S.Certificate.But till date i have not receive my T.D.S. Of Rs12000.so let me know that when can i received my refund.My details are below mentioned.

Name:-Prakash chandrakant Thaker
DoB:- 2nd Nov 1983
T.D.S.Certi No.:-94D/2008/028095
Tell:[protected]
E-Mail:-...

Dear Sir/Ma'am,

A kotak executive (Ashish - [protected]) contacted me for a Policy in month of March.
He told me the Plan Kotak Super Advantage Plan with a year installment of Rs. 20,000.
He told me that along with this Plan, I will get a Sony DVD player and if i will pay him now, I will get an

additional 12% online Bonus on it.
He also told me that I will get all these after 45 days...

Dear sir,

I Lalita krishnaji Mane, a house wife by profession requesting you to look in to matter of repeated selling of policies on false reason by Kotak Mahindra Life insurance co.

I purchased one policy called Kotak Smart Advantage( UIN107 L043V01 on[protected]. policy no. 01776507 Having premium of Rs.50000/- Per Annum.). The information of this I got on phone call from Neha Gupta phone no....

Recently I have been receiving calls from Noida[protected]/87) stating about the 'Kotak Smart Advantage' plan with following features:
(a) Pay premium of Rs 50,000 per year for three years.
(b) After three years Kotak Life Insurance returns Rs 2,32,000/= as a maturity value.
(c) It means on contribution of Rs 1,50,000 your net gain is Rs 82,000 i.e. more than 50%.
(d) Calculation chart claimed...

Hello everyone,

Please publish my personal experience with Kotak. I will try to publish this on forums and social community site as much as possible. Because, I have suffered a lot from Kotat and I don’t want anyone else to be a victim of Kotak employees.

I took one policy from Kotak on the commitment to 200% bonus after 3 years. But there was nothing like this. And I surrendered my policy within freelookup...

Dear Sir,

I am Namita Sethi .I am a policy holder of Kotak Life Insurance. My policy No is 00400294 and Client Id is 50185338. Yet I have not received the receipt of Premium paid in Feb 2010. So I request you to please let me know the status of my Premium and please send me the receipt of above. My E mail id is [protected]@yahoo.co.in

Thanks & Regards

Namita Sethi...

i have opened policy in kotak life insurance no. is 01868328..
in january..ihave paid first premium after that i have decided not to make any premium..so i have answered the call from kotak insurance .that i am not in a position to make your payment i do not want to continue my policy .they said ok..after three months one day my account have 2000 debit as a premium of policy i called up my bank they said it is a premium of kotak life...

Hai
I was working with Kotak Life Insurance - Thrissur branch.At first I as with them in out sourcing(team lease) and latter worked for them on on rolls (Direct Kotak)
I have already requested to our HR to transfer my old PF a/c (with team lease) to my on rolls PF a/c, which was done as per their information. They had also informed me the amount to be around Rs 6200/-(approx). but they now informs me that they ;have already...