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Complaint against Max New York Life Insurance

This is a discussion on Complaint against Max New York Life Insurance within the Life Insurance forums, part of the Insurance category; Dear Julie, Thanks for sharing your feedback. Please provide us with your policy number and contact details on customercare@bajajallianz.co.in This ...

  1. #16
    Bajaj Allianz Guest

    Default Reply from Bajaj Allianz

    Dear Julie,

    Thanks for sharing your feedback. Please provide us with your policy number and contact details on customercare@bajajallianz.co.in
    This will help us resolve your complaint faster.

    Thanks
    Bajaj Allianz Customer Care

    Quote Originally Posted by tomsteve View Post
    I took an insurance policy of Bajaj Allianz in 2006 for Rs. 100,000. I demanded an one time policy as I had only Rs.100,000 with me. Agent filled out the proposal form,contrary to rules. While filling out he slyly filled the column for the term of policy as 'annual' in which I have to make minimum three annual payments. This he did it only to get huge commission. Now I learn that one year policy fetches him only 2% commission whereas a three year policy or more earns him 30% commission: the co. too is benefited by a bigger business and earn huge sums from the charges levied on policy and they actively connive in such fraudulent practises.
    Further I was not informed of the exorbitant charges the co . levy on my investment.
    Today, when I went to surrender my policy the co. informed me there is no money to be paid to me since I didn't pay three minimum instalments. Sir, I 've been inhumanly cheated. I am unemployed and financially poor ; I can't bear this huge loss. Sadly, this is the money my father gave me as share for marriage :its loss is thus fraught with disaster. I pray that I may be rendered necessary advice and help to retrieve my money.
    JUlIE T.S..

  2. #17
    Unregistered Guest

    Default I am feeling very shame to say that i am one of the customer who have many complaints

    MY POLICY NUMBERS ARE 229128798 (YASHU ANAND) AND 228408589 (DHRUV RAJ ANAND)

    I ANURAG ANAND PURCHASED TWO POLICIES WITH SO MANY WRONG STATEMENTS GIVEN BY YOUR AGENT UPASANA SABBHARWAL. i NEVER SEEN HER AFTER THE FIRST CHEQUE I HAVE PAID. I DONT KNOW ANY THING ABOUT MY POLICY FOR WHOM I AM PAYING PREMIUM FROM LAST TEN YEARS. I DONT KNOW WHO IS MY NEW AGENT HE OR SHE NEVER CONTACTED ME. THIS YEAR IT BECAME HEIGHT OF PATIENTS WHEN I DO NOT RECIEVE ANY CALL FOR PREMIUM. WHAT SORT OF SERVICE YOUR AGENTS PROVIDES. IS THIS IS THE BEHAVIOUR PROVIDED BY A COMPANY LIKE YOU IS SHAMEFUL. NOW I NEVER WISH TO ANY TYPE OF DEALING SUCH A COMPANY.

    PLEASE ARRANGE TO SEND ME THE CURRENT STATUS FO MY ABOVESAID POLICIES

    PLEASE APPOINT A PERSON WHO CAN HELP ME AND GIVE ME ATLEAST THE PHONE NUMBER OF MY NEW AGENT

    MY PHONE NO ARE 09811104740 AND 09313605522 MY ADDRESS IS ASTER EDUCATIONAL PUBLISHERS (P) LTD. 11289, DORIWALAN, EAST PARK ROAD, KAROL BAGH, NEW DELHI-110005 (INDIA)

  3. #18
    Bajaj Allianz Guest

    Default Reply from Bajaj Allianz

    Hi Julie,

    Please let us know of your complaint at customercare@bajajallianz.co.in with your policy number aand contact details. This will help us resolve your query faster.

    Thanks
    Bajaj Allianz Customer Care
    customercare@bajajallianz.co.in

    Quote Originally Posted by tomsteve View Post
    I took an insurance policy of Bajaj Allianz in 2006 for Rs. 100,000. I demanded an one time policy as I had only Rs.100,000 with me. Agent filled out the proposal form,contrary to rules. While filling out he slyly filled the column for the term of policy as 'annual' in which I have to make minimum three annual payments. This he did it only to get huge commission. Now I learn that one year policy fetches him only 2% commission whereas a three year policy or more earns him 30% commission: the co. too is benefited by a bigger business and earn huge sums from the charges levied on policy and they actively connive in such fraudulent practises.
    Further I was not informed of the exorbitant charges the co . levy on my investment.
    Today, when I went to surrender my policy the co. informed me there is no money to be paid to me since I didn't pay three minimum instalments. Sir, I 've been inhumanly cheated. I am unemployed and financially poor ; I can't bear this huge loss. Sadly, this is the money my father gave me as share for marriage :its loss is thus fraught with disaster. I pray that I may be rendered necessary advice and help to retrieve my money.
    JUlIE T.S..

  4. #19
    Chandrashekhar Guest

    Post Premim Receipt Not yet received.

    Sir,
    I have taken Life Maker Gold plan through Unique Mercantile India Pvt. Ltd. Agent code 276040. My Name is Vijaya Vijay Tasgaonkar policy No.745660712 dt. 28 August, 2009. I have paid renewal premium in July 2010, but I have not received receipt of the same I require for tax purpose. I have to declare my saving for I.T. purpose. Plase send me receipt at your earliest. Thanking you, With regards, Vijaya Vijay Tasgaonkar

  5. #20
    Unregistered Guest

    Post max new york life insurance :fraud & fake sign

    in max new york life co in dadar branch samir the sales manager do fake signature on illusration and give misinformation to the customer about policy to do surrender and take new policy or take new policy frm second year on word the money will transfer for second premiun . frm old policy but this does not happen this is cheating and give wrong information about policy... why the company keep such kiind of manager to the company might be his collegous also doing the i might do complaint to IRDA abt this take sum strict action aganist him ok sir rajesh sood

    thanks u

  6. #21
    CHANDRAMOHAN Guest

    Default Complaint against Max New York Life Insurance

    Dear Sirs

    In spite of my repeated reminders, Max New York is not cancelling my Policy No. 764140562 and yet to refund my money.

    I have spoken to their customer care lodged a complaint but till date no action

    One my not a good friend who did not properly explain about this policy and made me to take this Policy

    But I feel I am cheated and I want to take it up with Consumer court for getting my refund

    please advise the proceedure to get my refund

    Regards

    S. CHANDRAMOHAN

  7. #22
    Unregistered Guest

    Default 2 policies have been blocked

    Dear Sir / Madam

    I am Dinaik pashan from ludhiana and have your Policy no . 436430748 .

    We are having actually two policies with you i.e 1 on the name of Dinaik pashan and the other at the anme of Abhinav pashan .
    1 of its policy no. i have stated earlier .

    The agent guided us some things and we took two policies and from that time only we are upset as no1 is guiding us about that policy to us .
    We have been asking the agent also and others also but no is guidng us properly .

    Now i got your meaage on my mobile that my policy has been lapsed and said to contact at this mail i.d to reinstate ,

    I have deposied a huge amount 2 -3 time on both the policies but i am shocked and upset as what to do , how to get my money back

    Kindly guide to save my hard earned money .

    Regards

    Dinaik Pashan

    Ludhian < Punjab >

  8. #23
    jamescuck is offline Junior Member
    Join Date
    Nov 2010
    Posts
    1

    Default

    I also have complain but no body resolve it,its all wasting our time.

  9. #24
    sunita.krishnaswamy Guest

    Arrow agent advisor commission

    dear sir'
    I ,(sunita krishnaswamy) am an agent advisor with max new york life insurance company.

    I had logged in two policies ,1). policy no. 788334993, fortune builder, half yearly mode ,premium amount Rs 49500.00 , login date 29th july 2010 , paid up date 30 th july 2010
    2).policy no. 788335024,shiksha plus ,yearly mode, premium amount Rs. 99000.00
    login date 8th july , paid up date 31st july
    I am expected to receive Rs. 23000.00 commission . kindly help me in receiving the same

  10. #25
    anuvohra45@yahoo.com Guest

    Post Regarding pre information about due date

    I am the policy holder since the last five years.Iwas insured under STEPPING STONES POLICY and my policy number is262078322.Iam depositing my premium regularly at their Khanna branch ,but for the last 2years Iam not getting any pre information about the due date.I want to the reason because my other colleagues are getting the pre information

  11. #26
    Unregistered Guest

    Default Life Insurance Policy No. - 436173769-Max New York LI Co

    Dear All,

    I had taken a policy from Max New York Life Insurance Co. in Dec 2007 bearing policy no. - 436173769.

    My policy had lapsed in May 2010 and i visited Canal Road Jammu office to revive it.
    I was told that the total premium due at that point of time was Rs. 48000/-.So,i made the payment through cheque which got cleared in favour of the company in next 2 days.

    However, my policy was not revived,To my utter surprise, i was not even intimated anything about the non-revival of my policy.When i went to the same office on 16th Oct 2010 , i was told that my policy has not been revived owing to my lapsed premium being Rs. 52000/- and not Rs.48000/-.Due to sheer ignorance of the front desk officer who told me wrong lapsed premium , i am bearing the cost now.

    Anyhow, i decided to sought out the matter n i was told that they had despatched a refund cheque of Rs. 48000/- somewhere in July 2010 which i never received.I gave a letter to the Head Office for re-despatching the same so that i can get my policy revived.

    Till date, i have not received any cheque and have to follow-up with them like anything.

    Am also working in a private bank n dnt have that much of time to go time n again to their office n check the status.


    Am highly disappaointed with the company now n want my money back with the fund value till date as it is a clear case of FRAUD by MNYL.

    Regards
    Superna Rajput

  12. #27
    Unregistered Guest

    Post fraud by max new york life insurance

    i had issue a post date cheque 2 months backto purchase an investment and health insurance policy and my cheque was debited,but till now i did not receive my policy bond,bt i receive a mssge that my policy bearing no. is 820308401,and when i call to the person from whom i purchase the policy he dont receive my call and some times he cut my call by saying that he is in meeting through mesage,the name of that person is MR RAJ KUMAR HIS CONTACT NO. IS 9052725050.

  13. #28
    bal mukand joshi Guest

    Default mis use my Rs.

    Quote Originally Posted by anmol mittal View Post
    i am very angry i will put this case in supreme court. or call me on this no. 09958556535 so that i can compromise with you yu can callme in next 20 hrs
    i purchase a policy mas new york life and i deposited 64655/- Rs. from 31-1-2007 to21-5-2010 four instal mant and company didacation of chargas 4697/-Rs. and what is your other charges please expalan in detal

  14. #29
    j.naveen kumar Guest

    Unhappy Applied for advisor in max new york life insurance

    Sir/Madam,

    my self jyothula naveen kumar, applied for advisor in MAX NEW YORK LIFE INSURANCE, at HIMAYAT

    NAGAR,HYDERABAD. SALES MANAGER IS MURALI but due to personal reasons,

    iam not attend the training and IRDA exam.....

    ALLOTED UNIQUE REFERENCE NUMBER BY MAX NEW YORK LIFE INSURANCE :- MAX 12407100023,

    PLZ CANCEL REFERENCE NUMBER IM NOT INTERESTED TO JOIN LIFE INSURANCE ADVISOR..

    MY PAN NUMBER IS AIOPJ2418F....

    WITH REGARDS,

    J.NAVEEN KUMAR
    9989824049

  15. #30
    mohan.karmarkar Guest

    Default policy surrender payment

    Dear Sir,
    I have surrendered my polocy no. 436911036 at your
    Indore office on 31st Dec. 2010, But till today no action has been
    taken form your and nither I have received my payment, Despite of the
    fact that I have reminded twice to your service help desk & personally
    visited to your Indore office atleast three times but till today no
    payment of surrender policy I have received.

    Please let me know as to what extened I will have to wait otherwise I
    have to take some action. I have belived when I have opted this policy
    that I will get good services & response but today it seems that you
    people eigther ignouring my payment & not giving any thought to my
    policy surrender payment.

    From :- Mohan Karmarkar
    Mob:- 94240-93767, 9589371877

    Office address:- c/o Jan Shikshan Sansthan , Dhar
    3, Khedapati Marg, Opp. Chandel Bhavan,
    Dhar (M.P.)

    Resi. Address :- 4, Shradha Shree Ext. colony,
    Near Barfani Dham, Indore 452008 (M.P.)

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