[Resolved] Max Life Insurance — how to reduce losses while withdrawing the policy | |
I have taken this useless policy from max newyork. Max life partner plus endowment to age 75 plan. I have already made 9 instalments of 10k each. After i complete the payments, i have to wait another 20 yrs and it will give me only 11k per year!!! Now i realize how cheat was that agent who gave me this stupid policy and how big cheat is this company. If i withdraw i will get only max 50 % of the amount invested. From 9 yrs interest of 10k each year would have been so much. Sum insured is only 1.5 lacs whereas i will be paying 2lacs in 20 years. Whenever i call them up they don't arrange for executive to talk on this. Was this information helpful? | |
May 31, 2018 Complaint marked as Resolved Max Life Insurance customer support has been notified about the posted complaint. Verified Support Apr 23, 2018 Max Life Insurance Customer Care's response Dear Customer1984, The inconvenience caused is deeply regretted. Our customer representative will get in touch with you to resolve your concerns. Regards, Max Life Insurance Verified Support Apr 30, 2018 Max Life Insurance Customer Care's response Dear Customer1984, Our customer representative had spoken to you and informed about due date, surrender value and grace period. Regards, Max Life Insurance. | |
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No body will do anything as this company is a big fraud and Max is giving money to IRDA for approving these kind of policies that's why Max is cheating people.
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