I have a policy with max newyork life insurance, and while opening the policy on 24th May 2011 I asked agent(Rajan kumar Nair - 377980) if in future I want to surrender the policy what were the options and he told me, there is a locking period of 3 ears and after that you can withdraw the policy anytime.He did not tell me any charges will be deducted.
I am urgently in need of money and so, I called up Max life insurance customer care, and they are telling me that I will get 30% of my investment and that too I wont get the money I paid in the 1st year. If they want they can deduct the interest, but at least return the amount I have paid.This is a fraud.