Be aware!!!! Never ever invest in max life insurance.. I have the experience of investing in LIC, ICICI Prudential and Maxlife insurance, Max insurance being the worst by far. Their policies are not to help customers get best return out of their investment, only to loot them. Agents will advise the policies which make them rich. Here is my story.. I had started investing in 2009 in a policy with premium amount of 60, 000 annually.
For first year, they deducted 25% of the premium value as a processing charge, next year 22% and so on. At the end of three years, against my investment of 180k, the fund value stays at 179k. Due to some other liabilities, when I want to surrender my policy after three years of locking period, they say they will deduct 50% of the premiumi.e. only 148k... I am yet to experience the refund process. My kind suggestion.. stay away from max life insurance!!!!