[Resolved]  Max Life Insurance — cheated me

Website:

max life

I was told by the agent that there wont b any penalty if i surrender the policy in 6yrs after 6 yearly premiums. Today when i called the call centre they r saying i will be charged a penalty of 30% if i surrender the policy as the policy matures jn 20 yrs after the purchase. This is highly unacceptable. I had taken this policy at axis bank andheri amboli branch 6 years back. I hv paid all the premiums on time for 6 years and today i get to know that after all the penalties the money that i would b getting is almost half of what i hv already paid in premiums. This is ridiculous. I am very very upset. Cheaters fraudsters looting people.