[Resolved] Max Life Insurance — Fraud carried out on my father's policy | |||||
I have a policy with max new york life insurance which was taken in May 2009 and the policy number is[protected]. This is basically my father's policy name as Mr Sushil Kumar Sharma. The Agent Mrs Kajal Rathi, Agent code: 251587 told him to pay his premium for at least 3 years after that you can continue this policy otherwise you can withdraw the amount. The company will pay your deposit amount with some advantage, So continuously My father had paid 3 years premium of 80, 000 i.E 20, 000 per annum for 3 years + 20, 000 Policy Amount. Now in Feb 2017 when I consult with their Ghaziabad branch, they told me you have to continue this policy till 75 year of age, then I decide to close my policy and request to return my amount, The manager told me the company will return only 50, 200 Rs. After hearing their words, I was shocked, the company is using my deposit amount from last 6 to 7 years, then what about the interest amount? Basically, we don't know about the company & company owner, as per the customer perception, your agent is one, who represents the company, for the customer he/she is the company or owner, so they must give proper information without focusing their target, and company must appoint the Genuine agent and guide them to focus on customer satisfaction, not on the sale. Company agent ditched my father by giving wrong information, company and Mrs Kajal Rathi is responsible for creating this scenario. Conclusion/Suggestion: The company should pay my actual amount (80, 000) which i have paid + Interest Amount. And take suitable action against the Agent Mrs. Kajal Rathi. Can call me at : [protected] Was this information helpful? | |||||
Mar 18, 2017 Complaint marked as Resolved The company should pay my actual amount (80, 000) which i have paid + Interest Amount. And take suitable action against the Agent Mrs. Kajal Rathi. Max Life Insurance customer support has been notified about the posted complaint. Verified Support Mar 22, 2017 Max Life Insurance Customer Care's response Dear Sushil, We are getting your concern investigated and will share the resolution shortly through email. Please mail us on [protected]@maxlifeinsurance.com for any further details. Regards, Max Life Insurance.
Verified Support Mar 29, 2017 Max Life Insurance Customer Care's response Dear Sushil, Our customer representative is investihgating your grievance and will share the resolution regarding this in some time. Please allow us some more time for the same. Please mail us on [protected]@maxlifeinsurance.com for any further details and mention Ticket No. 18000640 in subject line of your mail. Regards, Max Life Insurance.
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+91 11 2693 3610
Max House, 1 Dr. Jha Marg, Okhla, New Delhi, Delhi, India - 110020
My Policy No is[protected]. I had paid Rs 1.03 lakh premium for the first year. Due to some unforeseen circumstances I was not able to continue with the policy and could not pay the premium.
I have expressed my inability to pay the premium on many occasions with their representatives on telephone and asked for a refund.
Now they state that they are unable to refund any amount as the policy is in lapsed mode.
Accepting deposits from public and not refunding the hard earned money to the depositor is a crime.
If such is the ordeal of a customer who is alive has to pass through, I seriously doubt whether the money will reach the nominee / beneficiary of the deceased policy holder.
Santhosh Kumar