I am Sandeep, holding a kotak mahindra super advantage plan (Policy No. 01891968), Every year i am paying 20,400/- as premium amount. I am paying the premium from last Feb 2010
when i have taken the policy, the telephone executive told me that just pay for 3 years. Later i can close the policy and after 3 years I will got 200 % of first year premium. But after sometime when I called to customer care, the customer care executive told me that i will not get 1st year premium amount. It means i will not get 20,400/- rupees. Even they are not telling me when I m ending my policy then why they are not giving my 20,400/-and they are cutting 4% extra too. It is absolutely cheating by kotak company now I would suggest to everyone never have any policy from this fraudy company……..
I will get my money only if i pay up to 20 years. This is ridiculous. The customer care executive is telling that it's indirectly mentioned in the agreement. How could a normal guy knows all these things before??? Now i just need my money back...
Sandeep Kancharla .