Fraudsters — Max life insurance scam

Address:New Delhi, Delhi

MAX LIFE INSURANCE ISSUES BONUS : Like most parents, mine too invest loyally in various life insurance policies. Two months ago my mum started receiving phone calls from her MAX LIFE INSURANCE company regarding a bonus for her policies. Busy at work, she kept postponing a conversation with the GBIC Delhi department who called her constantly to complain against her agent. This morning, calm and off work, she decided to look into the issue on receiving another call from the company. They updated her of a "loyalty" bonus for our three MAX insurance policies which amounted up to 4 lakh 2 thousand rupees. Later through the conversation, they made her aware that the amount was in the favour of her agent. Surprised, she requested to understand how to terminate such proceedings and questioned why the company did not throw light on any of it while issuing the policy. They convinced her that it was their job (the person on the phone) to protect consumers from fraud agents who betray clients by concealing vital information that benefit them. In our case it was a bonus that should rightfully reach the customer only. Worried and glad to receive assistance, mum sincerely took down notes for the "ACDP" (agent code de-activation) procedure. It is as follows : 1) Masood Ahmed will collect the following to create fund for customer ID : - Issue cheque for 94, 000 rupees in the name of Bharti Axa Life insurance company limited. - Issue cancel cheque for updating of bonus - Pan card number and xerox copy - Address proof, Aadhar card, passport xerox - 2 recent colour photos 2) In return the agent will hand over : - Acknowledge slip - Application form - Customer ID - Dummy policy bond On completion of all the necessary documentation we shall receive FTL ( funds transfer letter ) within 60 days. Banker by profession, dad advised mum to recheck the procedure and visit the near by office if necessary. Mum dug through her documents and read through them while she waited for the agent to come by and pick up documents. On calling the toll free number printed at the back of the max insurance life policy to verify the proceeding, mum was shocked to hear the officer narrate the remaining procedures and then laugh. "Ma'am you should be glad you haven't lost your money as yet, but you will lose everything pretty soon if you don't act now. We are glad you called to confirm with us and we wish most others did too." Beaten down with fear, stop payments had to be made as the fraudsters had her cheque leaf numbers and pan card details. Things could have been worse if she had issued the cheque but we were saved. Unaware of our wake up call we continued to receive calls from our "well wishers" until mum mustered up some courage to pick up and tell them that we be filed an FIR against their company. We have received no calls since then. But the the episode remains frozen in mum's head. We're assuming that this is a common scam and that we have been naive about it. But for those of you who sail on the same boat as us, take this as a caution - kind and intensity which I'm not sure of. Looks like a large scam, well thought out and connected with no loop holes. I've taken the time out to type this out and make it an episode to share just so that none of you lose your hard earned money or your peace of mind. Watch out for bogus bonuses! Max life insurance spammers : Mr. Mehta 1) +91 [protected] 2) +91 [protected] Mr. Mishra 3) +91 [protected] Mrs. Amita khurans 4) +91 [protected] 5) +91 [protected] Mr. Masood Ahmed 6) +91 [protected]
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