[Resolved]  MaxLife Insurance — Cutting down No.o[censored]nits without giving proper reasons.

Address:

Thoubal, Manipur

I joint a policy to MaxNewyork Life on 18th Nov.2011, No. o[censored]nits allocated to me was 4500, now on 28th Sept.2012 it has reduced to 41968 only. A complain lodged and Company reply un-satisfactorily, saying monthly administrative charges,mortality charges etc...by doing so my fund value is reducing instead of gaining.
Now I plan to surrender the policy, that also no use because of 5 yrs.locking periods,means money will get back after 5 yrs.latter.

It is your kind information that, never join any ULIP insurance policy in future, the company trapped us from all angles after joining, though they buttered us like servants before joining any policy.