[Resolved] Max New York Life Insurance Co. Ltd — FORCE SETTLEMENT OF POLICY | |||
Re : Policy No. – [protected] &[protected] Sub : Forcefully termination of above mentioned two policies Sir, In compliance with the above subject I wish to inform you that my self and my wife was insured by Max New York Life Insurance Ltd. On 15.03.2003 in pension plan for 22 years and 20 years respectively amounting Rs. 10,000/- for each. But on 05.03.2012 they inform us that your policy has terminated forcefully and sent us two cheques bearing 436839 & 436841 drawn on Axis Bank Ltd amounting Rs. 15848.80 & 15929.70 respectively as full and final settlement of the I have already deposited 180000/- in both A/c then how could they finalized my settlement by sending of above mentioned amount. In the view of the I think that they cheated me in a different manner that’s why I have no other option but to compel to lodge a complain to your office. Kindly take the matter as most priority basis and do the needful at your earliest. I am looking forward to seeing your appropriate judgement. Thanking you Yours faithfully Kunj Behari Tulsyan MOBILE NO. - [protected] EMAIL- [protected]@hotmail.com Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
 3 Comments | |||
Comments
This website will not do anything, its my experience since 2 year. Even other wesites cant do anything you should go t the consumer court and don`t make that late otherwise you will not get anything back.
Dear Kunj Behari Tulsyan
Being an Licensed agent I am fully aware that no policy can be terminated forcefully without proper intimation to the customer .Policy can either be lapsed or surrendered.
Pension plan is a long term plan where you start getting money mostly at the age of 55 or 60 onwards.
If you surrender any insurance policy within a stimulated time, you are supposed to receive the amount which is clearly mentioned on the "illustration Statement"(attached with your policy pack)
In order to get clear understanding, I would request you to visit your nearest branch of Max Life Insurance with policy pack
If I can of any assistance please feel free to contact me on the given no
Thanks and Regards
Indranil Bhaduri M.Sc
Insurance Agent and Trusted Advisor
Max Life Insurance
Delhi
Motinagar
IRDA License No:[protected]
Mobile:[protected]
Being an Licensed agent I am fully aware that no policy can be terminated forcefully without proper intimation to the customer .Policy can either be lapsed or surrendered.
Pension plan is a long term plan where you start getting money mostly at the age of 55 or 60 onwards.
If you surrender any insurance policy within a stimulated time, you are supposed to receive the amount which is clearly mentioned on the "illustration Statement"(attached with your policy pack)
In order to get clear understanding, I would request you to visit your nearest branch of Max Life Insurance with policy pack
If I can of any assistance please feel free to contact me on the given no
Thanks and Regards
Indranil Bhaduri M.Sc
Insurance Agent and Trusted Advisor
Max Life Insurance
Delhi
Motinagar
IRDA License No:[protected]
Mobile:[protected]
Max NY Life Insurance Co. — Pension Plan surrender
I surrendered my Unit Linked Pension Policy No.[protected] on 27th July and was told that the money would be credited to my saving account in Karnataka Bank Ltd. within 10 working days. It has been over 15 now. I also lodged a complaint (No. 831365) with them on 13th July 2009. Till date nothing has come in. What should I do and should not Max NY Life pay me the interest also?