Max life incurance is a cheat

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


      Dear Parvati, Thanks and regards for your concern about the vulgar ads. Today, it is not only the matter of IPL but you open any channel and you will find these things everywhere.The extreme ...

    • Vulgar ads during IPL

      I don’t understand why this asci and consumer affairs ministry are such big failures in regulating vulgar and surrogate ads. Children are watching IPL matches and these models in l...

      By Parvati Sharma
    • Ola uber have become autod

      Why should I pay an extra 100-150 bucks for a cab when they're just like autos, without ACs because drivers won't turn them on? Seriously, what's the incentive to choose cabs anymore?

      By Anshu Saxena
    • Fire the advertising association

      See the kind of ads that are being given in news papers. The advertising association in India fails to act as usual as 90% advertisers dont care about them. Govt regulator needs to get really activ...

      By Sobhita D
    • Go air needs to be booked for violating DGCA order.

      Instead of giving cash refund for cancelled flights Go Air is issuing credit notes despite DGCA order. Passengers want money back not their lame credit notes.

      By Dipali Yadav
    • Shameless celebrities of India

      Money perhaps is most important in life.Amitabh Bacchan had once said he is canceling his contract yet we still see him everyday on the screen. No offence meant to any of these personalities but it...

      By Krishnan Venkatachalam
    • Shameless celebrities of India

      It has come down to Sunil Gawaskar and Virendra Sehwag now advertising for Kamla pasand after we raised hell about Shahrukh, Akshay Kumar, Ajay Dewgan and Amitabh Bachchan. And consumer...

      By Mala Sehgal
    • Surrogate and Inappropriate advertising

      Front page of newspaper yday advertising pan masala and gutka. With areca nut being a proven carcinogen and a psychoactive compound. Will our authorities please do something and save the lives of ...

      By Ruchika L Maheshwari
    • Are competitive coaching institutes misleading students

      And parents. See attached, all the top institutes claiming that the same topper students studied at their institute. Parents and students looking at 1 ad at a time get misled.

      By Sneha Goyal
    • Loot in India on iphones

      IPhone 14 Pro max price in Official Apple store, in Thailand is 45k bhat = INR 1.07 lakh. Price in India = 1.4L. Difference of 33k will cover return air-fare. Why do you ...

      By Ruchika L Maheshwari
    • Mahindra Car Manufacturing defects issues

      I am a customer of Mahindra Scorpio N Vehicle and it is having Manufacturing defects from Day 1, Company dealers are doing trail and error and problem is not solved yet. They are spoiling vehicle w...

      By GIRISH M R
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.)