TATA / AIG Maharaksha Plan
Withdrawal of amount even after cancellation of policy!

I took 2 Tata AIG Maharaksha Accident insurance plan. Later i called them to cancel both the policies since after reading the policy documents, i didn't found it much beneficial. There customer executive kept on calling me and they delayed the actual cancellation by almost a month that too on a compromise that they will substitute my one of the policies with health care policies on which i agreed but they agreed to reimburse my paid amount with deduction of only 99 rs from each policy. On receiving my HSBC credit card statement i was shocked to see that for one of the policies which i got canceled they deducted rs 99 and for other one they charged s 2300. I am continuously trying to resolve the issue by calling their executives from chandigarh to mumbai but resolution is still in abeyance.

Beware!