Max life incurance is a cheat

Hi
I bought max life insurance 8 yrs back. The agent did not tell me about the terms and condition. I asked her about the locking period and she told me i need to continue it for atleast 5 yrs. after 8 yrs when i surrended it these guys gave only 30% of the total value i deposited. This is cheating and these guys have their tag line called SACCHI ADVICE. Plz guide what to do. more  

View all 68 comments Below 68 comments
max life is using unfair practises. i filed a cosumer compliant and the same is in my favour and the case is reported in DNA mumbai in december 2015 more  
All insurance companies are racketeers more  
i told my wife not to take a policy who commits so much of freebies...she didn't hear. for your info mr Santosh had arranged to send the freebies. IRDA should keep an eye on all theses commitments made by the insurance companies. moreover insurance companies are becoming investment companies. most of the companies are not settling the claims taking some excuse or the other. in US, they jokingly say if a person send a communication before jumping from the 10th floor, his claim will be settled before he lands on the ground......and see all the us/euro companies making collaboration with indians are doing nonsense with the insuree. more  
All insurance companies are more or less cheats. Private companies are ahead of it. more  
I agreed with Mr Jayant Budhiraja ji, you may also approach Ombudsman of the area. more  
Post a Comment

Related Posts

    • Pinch on commoners

      Husband and I had a debate on state of middle class in India dat before yday. He went to the petrol pump today. Stood out of the car, and observed 5 two-wheeler owners. They bought petro...

      By Shweta Kotharii
      /
    • Insurance co.s have to process tyre burst claims

      Many accidents in India happen due to tyre bursting and sometimes accident can be fatal at other times severe injuries are caused. After this the insurance companies reject claims calling tyre burs...

      By Garima Sharma
      /
    • Dearth of good Rs. 10 notes

      Rs. 10 and Rs. 20 notes are needed for payments for Public transport (buses, trains at counters, autos...), street vendors for small payments, religious places to name a few. While some have digita...

      By Padmanabhan G
      /
    • Banking services loot

      Got to know today that Rs95 per page, is the cost of getting your bank account statement, printed at the bank and best part they dont tell you, just deduct. Have a nice one customer!

      By Jayani Gupta
      /
    • How sellers buy ratings

      See attached everyone. Ecommerce platforms must have clear rules such that sellers cannot do this

      By Vinita Agrawal
      /
    • Holograms advertising on vehicles

      Brands and creative agencies in some foreign countries are going crazy on hologram advertising on vehicles which is very distracting on roads. Before India creatives get excited and emb...

      By Shikha Chhabra
      /
    • Vistara learn some customer service

      A 12 year old school boy came to board with a ticket at Bangalore airport to go to his parents. Instead of taking him you demand he pay your 2499 unaccompanied minor fee and you won’t let him...

      By Ashima Gupta
      /
    • Infeffective misleading ad regulation

      See attached everyone, this is delhi’s firoze shah kotla stadium, 8 mins from my home. It doesn’t look like stadium but the factory compound of pan bahar. And for the record ...

      By Parvati Sharma
      /
    • Act against Patanjali

      It continues to fool Indians & the govt turns a Blind eye. This ad attached flaunts an article printed in a journal with 100% acceptance rate & fee of around US$ 3,225 to publish an article...

      By Neelima Verma
      /
    • Dont use OLX come what may

      most people these days are using olx only to scam people. Just posted an ad & within 1 min 5 buyers ( Scammer) contacted me. And the same old technique they said they will pay in advanced and t...

      By Vinita Agrawal
      /
    • See these celebrities properly

      Most of the young adults in my native village consume Vimal and other kind of pan masalas. Even 14 year old boys are consuming the same. Shame on you pathan khiladi and sing...

      By Smita Dash
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)