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

    • WEWELLCOM PATANJALI AYURVED's ACTION

      The Brompton cocktail, sometimes called Brompton mixture and most popularly known as Brompton cough mixture, was originally developed at a hospital specializing in chest diseases. This cough mixtur...

      By Jayakumar Daniel
      /
    • Milk price increase - Karnataka

      Basic milk price has been increased by ₹4 per litre in Karnataka. The govt says that it is not an increase. They have added another 50ml to the pouch and that this increase is for the addl volume. ...

      By Padmanabhan G
      /
    • What is wrong with Amazon Fresh service

      They are showing random MRPs just to show big discounts. No where in India tomato has MRP of 261/kg and look at these people. Please escalate this to consumer affairs department and essential commo...

      By Radha Puri
      /
    • Listerine mouthwash linked to cancer

      Is Listerine Mouth Wash Linked to Cancer? In another shocking news, scientists have found that the daily use of Listerine Cool Mint Mouthwash may be linked to an increased risk of colore...

      By Sneha Goyal
      /
    • New insurance renewal scam

      My health insurance policy is due for renewal and yesterday and i received a call from someone who claimed to be from ICICILombard . The agent confirmed my details and also my policy details which ...

      By Sanjit Jha
      /
    • Cigarette selling is permissible?

      If you go to cinema hall you will find lots of ads mentioning " smoking is injurious to health"... when govt. is displaying such ads., how they are allowing sell in the market...isn't contradictory...

      By SANDIP KUMAR BHADRA
      /
    • Is selling cigarettes online permissible

      See attached this Blinkit is selling cigarettes online. Is there an age check. What if young 15 year olds are ordering and consuming them. If amazon flipkart big basket dont sell such pr...

      By Amit Mishra
      /
    • Beware of calls from telecome dept

      Got a call from ‘Telecom Department’ that all phone numbers under my name will be blocked in 2 hours. And to press 9. Looks like a new scam

      By Sarita S
      /
    • Misleading by water purification cos

      Water Purifier industry is almost a semi scam Mis-selling, fear mongering by both trade and brands. And looting in the name of service Aquaguard, Kent, Pureit are all the sam...

      By Shivani Khiste
      /
    • gst on mediclaim

      abolition of gst on mediclaim is a long standing demand.for some reason if the govt.is unable to abolish the same they can reduce the rate,alternatively exempt the policies of senior citizens from ...

      By Suresh Dasarathy
      /
    • GST on health insurance policies

      Govt shows great effort to help sr citizens by listing in ayush maan bharat. PM talks of jan seva shops for cheaper medicines. Then why 18%GST is being levied on mediclaim installments.

      By Satyapal Singh
      /
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.)