[Resolved] Max Life Insurance & Axis Bank — misselling by bank | |||
DEAR CONCERNED, I am having two above mentioned policies with your company. I am very Annoyed and disturbed with the Misselling and misappropiation of funds has been done with me. I went to axi bank patti for FD deposit.for 2 years. But they didn,t gave me FD rather than depositing my amount in Axis bank. Person sitting over there mis appropiately they transferred towards Max life policy. I was never agree for that. They misguided me by saying its a FD from axis bank. He took my signature on Bank FD form and said it will be your Fd. I believed his Fake words and gave him the money. I went to Axis bank several times but there was no positive response. All the time they gave me excuse that system is not working. Connectiity is not available. I complained to manager also but there was no postive response. I didn,t got any evidence for that deposit. when i became harsh with bank and cried for my money thy gave that two policies . by saying its your FD. i didn,t understood what kind of FD was that. he said u will get all amount with interest of 14% annually after 2 years. i still denied that. But he again tried to convince me for negative thing to accept. After my brutal response he left by making false exucse and there was no one to attend me. no one actually told me what was that and all the staff kept on saying TWO YEAR FD. Now after completition of TWO years i went to have my money back. But it was different story. MAnager over there said its Long term insurance policy and i have to it Annually. I was shocked and almost fainted. its 2 lac amount which they misappropiately cheated with me. It was money from my land which i sold. Now i don,t have land and it was for my children. NOw i amin urgent need of money but from everywhere i m help less. Manager and staff didn,t supported me. I m very DIsturbed and mentally upset by this unethical behaviour of your Bank staff. I need my money back. Please its a humble request help me in getting my money back. Regards Jaimal Singh [protected] Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
 2 Comments | |||
Comments
Govt has approved Banks to cheat even no body is interested to know How banks are cheating customer by selling fraud policy of Max Life Insurance. Nothing has been done by anyone in this matter.
Reply
I have also been cheated by Axis Bank, Pune Aundh Branch. I had gone to do investments. I told the Bank officer that apart from FD, i wanted to invest in a policy where the money grows. Instead, he sold me the Max life policy which i did not approve. Max life Insurance is not where ones money grows. He could have suggested me mutual funds.But because they have a cut and commision, they mislead..bluntly and when one comes to realize that one will be only loosing money in this policy, they deny helping the customer to help withdraw the policy and get ones hard earned money back. This is my second time fradulent experience with Axis bank. Banks in no way should not sell thier products fooling the people around. What a disguise .
Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good
a company is at responding and resolving complaints by granting from 1 to 5 stars for each
complaint and then ultimately combining them all for an overall score.
Read more
Read more
80%
Complaints
1162
Pending
0
Resolved
902
+91 11 2693 3610
Max House, 1 Dr. Jha Marg, Okhla, New Delhi, Delhi, India - 110020