[Resolved]  Kotak Life Insurance — Fraud/Cheat

Address:

Varanasi, Uttar Pradesh

3 years back i was looking for some decent fixed deposit scheme in market, one day i got call from kotak sales person that there is scheme, if you invest lump-sum after 4 years you will get 9% compounded interest plus guaranteed addition to the matured amount. I gave the Rs. 30000 cheque and the sale executive took sign on some pages (forms). I came back to work location in Hyderabad after that and i asked my father to send the FD Receipt by courier (as i had given my home town address). I got the courier after 20 days and to my surprise it was a damn ULIP policy with the world' most fraud plan "KOTAK SUPER ADVANTAGE (UIN-107L058V01)" where thay kept my first premium and invested only the second premium onwards. Now, i am in a condition that i cant surrender the policy and have to continue with plan.

God, such a cheat company, don't know how these people are surviving in the market, i think in this way only.

Please don't take any policy from such a cheat and fraud company, they should rather run a thief/dacoit agency directly.