[Resolved] Max Life Insurance — allocated unit wise statement of my policy | |||
Dear sir ref: policy no.[protected] AND[protected] I Samir L shah is policy holder and life insured under above mentioned policy with you since 2008 as per last fund value statement, my fund value of the above policies is very low. it is not even doubled in TEN years. So, I think that there may be some mistake in ALLOCATION OR DEDUCTION o[censored]nits from my funds under above mentioned policies. As per staff of your Surat- GO2 office, detailed statement only can get from head office on mail. So, i hereby request your goodsalves to send me DATE WISE UNIT ALLOCATION AND UNIT DEDUCTION STATEMENT FOR ABOVE BOTH POLICIES at the earliest. regards samir lavanchand shah Was this information helpful? | |||
May 13, 2019 Complaint marked as Resolved Max Life Insurance customer support has been notified about the posted complaint. Verified Support Apr 01, 2019 Max Life Insurance Customer Care's response Dear Samir, We are very sorry about the inconvenience caused to you, and will help with its resolution. Thank you for sharing your policy number. Our customer service team will reach out to you shortly to help understand the issue in detail and resolve it. Regards, Team Max Life Insurance Verified Support Apr 08, 2019 Max Life Insurance Customer Care's response Dear Samir, We wish to clarify that the real benefits of the policy starts accruing in the later years of the policy (provided you pay your premiums regularly) and you should be rest assured that in the long term you should be able to achieve your financial objectives. The fund value is dependent both on external market behavior as well as administration costs of the plan. In the initial year, such costs are usually higher and can depress your fund value. But in the long term, as the policy grows, the gains illustrated to you are usually realized on maturity. These factors along with the rising market should lead to an increase in the fund value in the longer run. Do reach out if there's anything else we can help you with. Regards, Team Max Life Insurance | |||
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