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Cheating Consumers with max newyork life maker gold policy

This is a discussion on Cheating Consumers with max newyork life maker gold policy within the Life Insurance forums, part of the Insurance category; My policy number is 473280469, i had taken this policy on 15-Jun-08. Till today i paid Rs. 24650/-, but in ...

  1. 10-25-2010, 02:11 PM #1
    pradeepsalian
    pradeepsalian is offline Junior Member
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    Default Cheating Consumers with max newyork life maker gold policy

    My policy number is 473280469, i had taken this policy on 15-Jun-08. Till today i paid Rs. 24650/-, but in my account its showing as Rs. 14784.72/-. I want to Know how you have charged Rs. 9866.00/- as your administrative charges. Its shows you are cheating customers. Even if i pay full 3 years, i wont get money what i had paid. Then why the hell is this policy called as Life maker gold. While i took the policy it NAV was around 20.00 now even NAV is 31.00, i am not getting aount which i paid for. You cant say it depends on market, maket is going good, as your NAV is rising. Then what are all the hidden charges you charged.
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  2. 10-27-2010, 10:55 AM #2
    MNYL
    MNYL is offline Junior Member
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    Dear Pradeep MJ,

    Unit Linked Life Insurance Plan provides long-term protection and savings for various life stage needs. In the Unit Linked Life Insurance Plans initial charges are high, however after initial few years the charges come down significantly. It is always advisable to buy a life insurance policy for long-term and remain invested for the full tenure. With strong long-term growth prospects of the country, it is expected that over the full term of your policy, you may get good return besides the protection cover which you will continue to enjoy through the tenure of the policy. You can contact Customer Service at care@maxnewyorklife.com any concern.

    Your sincerely
    Support Team
    Max New York Life Insurance
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