[Resolved]  Max Life Insurance — I am not complaining but i want to clarify the exact position

Address:

Mumbai City, Maharashtra

I desire to take out a policy for my grand son aged one year. I am 69 year old person. i have been informed that i am required to pay the premium for seven years and the policy period of for 74 years. I can surrender the policy after the period of 10 years or so.
I am keen on knowing that if i get the policy matured after my grand son reached the age of 16 years whether how much i will get. i am been informed by your call center executive that i may even get the amount which would be less than the premium paid. is it right or wrong.
if this statement is right, then why do you provide the chart showing the surrender value of the policy after various periods.
kindly reply at the earliest as i intend to take out the policies. I have already policies for my grand daughters but now i am affraid whether the decision taken by me is right or wrong as 74 year is too long a period for any perosn