Kotak Mahindra Life Insurance — misleading the candidates and consumers

Address:

Kolkata, West Bengal

This company is nothing but a fraud organization. I got a call from them for an interview for a post called unit manager. I appeared in the interview and got selected. The name of the interviewer was shiven shah, and this guy is pretty famous in that office. Due to some problems i could not join the company for 1 month. Now, shiven shah knew that my father is a chief manager in central bank of india. So may be he though that he could take advantage of it. One day he called me and said that there was a senior position post called direct company partner and for that i just have to sell their policy worth 1.2 lakh rupees and for that i would get 60k as incentives+ salary+ bonus for recruiting others. I was like ok, not a big issue for me. Later i went to his office to know the detail of that job profile, but then he said that policy worth rs.1.8 lakhs had to be sold to join as a partner. I was like, ok still not a big deal for me. So i discussed the issue with my father and he wanted to purchase the policy. So i just called shiven and told him to speak to my father as he is interested to invest and wanted to know the policy detail. When shiven spoke to my father he told him that he had to purchase a policy of minimum 2 lakh rupees and then only i would be able to join as a partner. From that time we started getting doubt about the company. So my dad said to him that because of some reasons he would not be able to pay the whole amount together, so he would pay only rs.50, 000 first, then after a few days he would pay rest of the amount. Actually he wanted to see whether they were providing right informations related to the policy or not. Shiven kept pressurising me to convince my dad to invest the whole amount together but i said it would not be possible. So one day i went to their office with the cheque of 50k and the policy form filled up by my father. They started the policy entry procedure on that day. On that day, around 9'o clock in the night shiven called me and said one more signature of my father was needed on the form. I asked him why he needed it, because i took his sign on the form wherever it was required. He said, "no there is one more page and his signature is required on that, so can i come to your home to take his sign". I said ok. Shiven had sent a boy named rajdeep, another employee of that branch. He came to my house with the forms, but when he was taking out the form from his bag, by mistake he took out another form with that and there was a signature on that form which was similar to my father's signature. We noticed it and asked him about it. He said that it had been done by them. So we called shiven and told him to explain. He said it was 8'o clock in the night and one more signature was required so he himself had done that fake signature on the form. My father and i told him many things for such an irresponsible activity.in the next morning my father got an e-mail informing about the purchasing of the policy. Now again another problem was occurred. Before doing the policy entry shiven had said that it was going to be a single premium policy, but the e-mail clearly stated that he had sold an endowment policy where one has to pay a premium of 2 lakh rupees every year for continuous 10 years for a policy which itself is a 2 lakh rupees policy. My father went to his own office and immediately stopped the payment of the cheque of 50k that i had given to shiven shah. And luckily they could not cheat us.