[Resolved]  Max Life Insurance — queries on surrendering my policy[protected]

Address:

Hyderabad, Andhra Pradesh, 500090

The information given at the time of taking this policy by your insurance advisor was that i will be getting my total paid premiums as well as the bonus accumulated - 10% of total deposit value once i surrender my policy (After minimum 5 yrs lock in period).

Now customer service executive saying the cash surrender value will be at least 30% of all premiums paid (Excluding first years’ premium)..

That means i will lose the maximum 70% of the premium amount which i paid from my pocket. I want to know why this was not told by max life appointed agent at the time of applying for the policy. Why should i lose my hard earned money to this company's agents fault.

Please advise.

Rajesh anumolu
[protected]