10years back a Exide agent Mr. Manoharan approached meto take a policy" money double back policy". He asked me to pay policy Rs
15000 each year for 5years, after 10 years you will get double.And also he has given an option to pay for three years.Rs. 45000/- it is more than enough for policy maturity.Since I faced financial problem., I managed to pay for three years. Rs.45000/-. As per the agent I supposed to get Rs.90000/- But after ten years they deposited money Rs.57900/-only. When I enquired , they are giving all lame excuses in the name of taxes, and service charge as per the insurance document. They gave a documentat the time of policypurcased, the condition which they have given in the document is not understanble for common people. And no proper response answer from them for my query.
I advise you all be care full with this kind of insurance company. Readthe documentthoroughly, if possible get help from any lawyers before purchasingpolicy from this insurance company.