[Resolved] Max Life Insurance — surrender value for the policy - 'max life life gain plus 20 participating plan' | |||||
My father took the policy - 'max life life gain plus 20 participating plan' took this policy as insisted and forced by axis bank and it was told that there is only 3 years locking period and good return. Basically, they convinced him with their trick of fraud intention. Now, after 4 premiums, when he is trying to surrender the policy because of some bad financial condition, he is getting only 50% of the value deposited and no return for the amount already paid for the policy. Policy[protected] Both axis bank and max life are cheating people together. This fraud has to brought to the public notice and right action should be taken to punish these people. Was this information helpful? | |||||
Jan 7, 2018 Complaint marked as Resolved Max Life Insurance customer support has been notified about the posted complaint. Verified Support Dec 06, 2017 Max Life Insurance Customer Care's response Dear Randhir, Apologies for the inconvenience. Our customer representative has spoken to your father and informed him that as per policy contract surrender value is RS 49, 585.52. Regards, Max Life Insurance. | |||||
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