Dear Friends,
My association with this company "Max Life Insurance - Formerly Max New York Life Insurance" started way back in 2008.
when I met with one of the so-called direct executive/employee of this company.
some how I was immature to believe the words of that person.
They talk big words like ULIP, SIP, Smart investment... So many things. Showed may papers showing the graphs & numbers.
Which are imaginary, if you ask for guarantee. They will make us to believe that we will get huge money after N number of years, .
As I continued to invest till last month, hoping & believing that my investments will yield me some good returns. But when I see the performance of the policy I came to know the truth that I have been cheated.
My policy number is 488947706, I invested for almost 6 years, with no hint of any returns, when you call customer care/executives will tell. you will get good returns in long run.
When I am surrender the policy I am getting around Rs 92 thousands, where as I invested Rs 1.12 Lakh
And to get my money back they are charging 26% as surrender charges. which is around Rs 5822
I am asking why we have to give them money while starting policy & also surrender the policy, . this is big game plan to cheat innocent people by showing big numbers.
I have been cheated by these people 3 times, as I believe them and took a total of 3 policies. All of them are in loss.
I will write comments about all these policies (which I have taken) in coming posts/reviews, I hope it will help other people to make good decisions.
I recommend people not to take any policies from this company & companies like this.
All this policy are intended to make money for them not for people like us.
I agree that they also need to get money. But not by cheating us. We earn money working hard, spending so much time in office, .
Thanks & Regards,
Arun.