Kotak Mahindra Bank — Kotak Smart Advantage Plan

Address:	Bangalore, Karnataka, 560102
Website:	customer.kotaklifeinsurance.com

Kotak Smart Advantage Plan of life insurance is one of the worst policies i think. I took this plan through one of my friend who was a agent in kotak. But this has performed as the worst policy for me. Till now i have paid almost 1.20lack as premium( anual of 15k from 2009). Inspite of market doing good from 2009, the fund value is showing as around 64K which is almost half of the premium paid.!!! even i switched the fund as per their guidlines to increase the fund values, but when i see the statment...there are monthly charges applicable which are eating up all the money of premium and nothing is being invested in market... No one is taking responsibility to make apropriate changes and help customer get his value for hard earned money... i feel pity for kotak life people...such incidents will only bring down confidence of customer in ur products and its not going to help kotak to earn millions of money by such bad methods of heavy monthly maintainance charges for customer.
My policy number being :01488206