I started investing in Max Life insurance since 2008, while paying the premium every year of approx 30000. today apparently after 20 calls i got connected and got to know that my investment of 170000 has a return of 147000 since there has been charges of near about 47000 (that includes administrative charges of 30000, premium allocation charges 10000, mortality charges 2200 and tax of 4500). i am failed to understand such charges levied on my investment that making it the worst investment wherein these guys are making profit of 25% on my premiums?? there was no communication about this whatsoever. i would definetaly would want to SUE this company!
MY policy no is : 613768274
Policy Name : Max Life Max Amsure secure returns builder ULIP- Increasing – simplified
MAX LIFE INSURANCE
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2 responses to “MAX LIFE INSURANCE”
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Dear Customer
Life insurance is a Long Term Savings ans Protection solution and viewing its performance over a short term may not be appropriate. To realize the full potential of you policy you must stay invested through the entire term of the policy. However, we would like to understand your concern better. Our customer service representative will get in touch with you immediately.
Regards,
Max Life Insurance -
Dear Customer,
Our customer service representative has got in touch with you and addressed your queries. For further concerns/queries please write to us at [email protected]
Regards,
Max Life Insurance
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