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[Resolved]  Kotak Life Insurance Company — ADVISOR COMMISSION

DEAR SIR/MAM

I AM AN AGENT OF KOTAK LIFE INSURANCE COMPANY. WHEN I BECAME THE AGENT I WAS NOT TOLD ABOUT ANY BUSINESS COMMITMENT. I JUST BECAME AN ADVISOR. AFTER SOME DAYS I GAVE A POLICY, AND THEN I THOUGHT THAT I WILL NOT GIVE ANY POLICY TILL MY FIRST COMMISSION CHEQUE COMES. I WAS TOLD THAT MY COMMISSION CHEQUE WAS NOT ISSUED BECAUSE MY BANK DETAILS ARE NOT UPDATED IN THEIR ACCOUNTS. BUT AT THE TIME OF SIGNING FOR ADVISOR, I HAVE GIVEN MY BANK DETAILS. AND AFTER ALSO I GAVE THEM MY BANK DETAILS .. BUT TILL NOW NO COMMISSION HAS BEEN CREDITED TO MY ACCOUNT. AFTER THEY SAID ME THAT IF YOU DONT GIVE US FURTHER BUSINESS YOUR AGENY WILL BE TERMINATED. I ASKED THEM TO ISSUE ME MY COMMISSION CHEQUE AND THEN TERMINATE MY AGENCY. BUT THEY MAILED ME THAT YOUR AGENY HAS BEEN TERMINATED AND THE COMMISSION HAS BEEN FORFIETED.

PLEASE HELP ME.

REGARDS

BISHAL JAIN
[protected]
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Complaint marked as Resolved Aug 14, 2020
Complaint comments  5 Comments     Updated: ShareTweet

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Hello, Dear Sir/Mam
Iam Pooran Mal Swami I want to become a Kotak Mahindra Life Advisor, so, what process to do ? so i self be a advisor.
Manish04577's reply, Apr 18, 2018
Hey pooran... Where are you from?
KOTAK LIFE INSURANCE COMPANY - ADVISOR COMMISSION

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Jamir khan
DEAR SIR/MAM

I AM AN AGENT OF KOTAK LIFE INSURANCE COMPANY.MY CODE IS[protected] WHEN I BECAME THE AGENT I WAS NOT TOLD ABOUT ANY BUSINESS COMMITMENT. I JUST BECAME AN ADVISOR. AFTER SOME DAYS I GAVE A POLICY, AND THEN I THOUGHT THAT I WILL NOT GIVE ANY POLICY TILL MY FIRST COMMISSION CHEQUE COMES. I WAS TOLD THAT MY COMMISSION CHEQUE WAS NOT ISSUED BECAUSE MY BANK DETAILS ARE NOT UPDATED IN THEIR ACCOUNTS. BUT AT THE TIME OF SIGNING FOR ADVISOR, I HAVE GIVEN MY BANK DETAILS. AND AFTER ALSO I GAVE THEM MY BANK DETAILS .. BUT TILL NOW NO COMMISSION HAS BEEN CREDITED TO MY ACCOUNT. AFTER THEY SAID ME THAT IF YOU DONT GIVE US FURTHER BUSINESS YOUR AGENY WILL BE TERMINATED. I ASKED THEM TO ISSUE ME MY COMMISSION CHEQUE AND THEN TERMINATE MY AGENCY. BUT THEY MAILED ME THAT YOUR AGENY HAS BEEN TERMINATED AND THE COMMISSION HAS BEEN FORFIETED.

PLEASE HELP ME.
Regurd jamir khan
mob-[protected]
I am an agent of kotak life insurance company.My code is kli60502863 . I just became an advisor. After some days i gave a policy in aug 17, commission not credited in my bank account. I was told that my commission cheque was not issued because my bank details are not updated in their accounts. But at the time of signing for advisor, i have given my bank details. And after also i gave them my bank details .. But till now no commission has been credited to my account. And branch member not responding properly
branch - balesore (odisha)

regards

sidhanta kumar mohanty
[protected]
I am an life advisor of Kotak Mahindra life Insurance company. My life advisor code is KLI 60470608. I have given them Silver club achievement of policies. But Till the date I have not received my 2nd instalment's commission. Nobody is replying from the branch Office Thane. For making their own business they are fooling people and encourage to become life advisor. But they do not explain hidden drawbacks. This is very disgusting. Help me I am dying.
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I am a life advisor in Kotak life insurance since August 2017 I have given business of about 12 lacs same year in 2018 my clients paid the premium in September and November but till now I haven’t received my renewal commission there is no response from my branch RD! Or D M got fed up even after repeated enquiry

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    Kotak Mahindra Bank Address
    27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, India - 400051
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