[Resolved]  Max Life Insurance — pension plans policy surrender

Address:

Pathanamthitta, Kerala, 689694

I want to surrender my maxlife pension plan policy since i am not able to pay the premium of 5 lakes each year. I paid 4 years and i am 64 years. Axis bank managers cheated me in joining pension plan even though i was 60 years.

No i don’t have money to pay premium hence needs to surrender this policy.

Axis bank is not providing enough attention and assistance to me. They want me to keep the fund for their personal gains, like getting credibility in fund canvasing. 20 lakhs i paid so far from my hard earned money.

I never want to join a retirement plan at the age of 60 when i joined. Axis bank representative never explained to me that this is a retirement plan.