[Resolved]  Kotak Life Insurance — Complaint against Kotak Life Insurance

Address:Mumbai City, Maharashtra

Hi

I Gajendra Bhoir had invested in Kotak Life Insurance (Client ID[protected] Policy No 02030913

At the time of investing, I was told that I can get my investment withdrawn after 3 years of my installment payment
But now it is being told to me that the policy is for 20 years and If I wish to withdraw the amount after 3 years my investments of 1st year (i.e 30000) will be lost

I would now not like to continue with this insurance policy as there is total difference in what was committed to me at the time of selling the policy and what is being said now by Kotak life insurance help desk

I would request you to please help me in getting my amount spend so far in this policy


Would request to please help in getting back dues



Regards

Gajendra Bhoir
[protected]
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Aug 13, 2020
Complaint marked as Resolved 
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Comments

Dear Sir,

3 Years back my Father was fooled by one of your agents, he sold him a policy no.: 01999004 saying that my father will have to keep paying the premium for atleast 3 Years and after three years if he decides to surrender the policy he will get an amount of 1, 50, 000 and only a minimal 4% charge will be deducted. He never spoke of the non refundable first year premium. My Father Mr. Govind Singh Almia now needs the money and he is told that out of the 74, 000 that he has invested so far only 40, 000 will be returned to him.
How could you guys Rob somebody off their hard earned money. Trusting a well known name was such a mistake.

Could you please look into the matter and find out a way where we can get our hard earned money back. And one feedback i would like to give is please train your Agents to speak the truth, because the money we invested definitely did not hang on trees.

Thanks,
Shikha

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