[Resolved]  Max Life Insurance — Closure of policy account

Address:Ghaziabad, Uttar Pradesh, 201010

Hello MY Name is Hemant.
I have taken a maxlife gain plus plan policy no.[protected].
I am paying premium of 40k/annum for the last 6 years so the total i have paid 2.40lacs.
Now when i asked them that i want to surrender my policy they are saying that i will get only 1.15 lacs.
First time i am seeing a policy which is giving negative value that too more than 50% how ridicolus.
These guys are cheaters & looting a common public.
I am planning raise a complaint against them in consumer court.
If anybody else is intersted please let me know.
MY COntact Details are [protected]
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May 6, 2017
Complaint marked as Resolved 
Max Life Insurance customer support has been notified about the posted complaint.
Mar 27, 2017
Updated by HemantPachori
I have received a call from max but the voice is not audible.
I have read so many reviews of these type of calls which are not audible but max team always confirmed that they have called the customer & solved the problem
Verified Support
Mar 27, 2017
Max Life Insurance Customer Care's response
Dear Hemant, Apologies for the inconvenience. Our customer representative is investigating the details of your policy on the basis of the misselling complaint and will share an email resolution with you in few days. In future you can reach max life directly on [protected]@maxlifeinsurance.com and mention ticket number 18132473 in subject line of all the future communication related to the subject.

Regards,
Max Life Insurance
Verified Support
Apr 04, 2017
Max Life Insurance Customer Care's response
Dear Hemant, Our customer representative team is investigating the details of your grievance case. We will come back to you with a resolution in few hours. In future you can reach max life directly on [protected]@maxlifeinsurance.com and mention ticket number 18132473 in subject line of all the future communication related to the subject.

Regards,
Max Life Insurance
Complaint comments 

Comments

Today I have received a mail from maxlife that I have signed all the documents mentioning all the policy details but boss no form of deductions/cash value were there neither it was told by agent.Otherwise who will choose a policy which is giving a negative return of 50%.Let me ask maxlife employees are they themselves enroll for this kind of policy for their family.
Secondly they have written that they give chance to the consumer to return the policy with in 15 days but boss most of the policies will reach to the consumer after 5-10 days (if policy is sent to the cosumer on the correct date).so he just get approx 5 days to return the policy that too if he is available on town.so all the cash value details should be given during signoff or document mentioning cash value detail should also be sign off.
Third there is also a bonus mentioned on the policy bond.where is that bonus??
Is your company in loss for the last 6 years.
Stop cheating common people.
Don't worry I will take this matter further.
Anyone interested please let me know my no is [protected]

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