Inconsumercomplaints.com » Business & Finance » Review / complaint: Kotak life Insurance - Not getting own money invested in LIC | News #364440

Kotak life Insurance
Not getting own money invested in LIC

Insurance policy no.00322244, Kotak Mahindra old mutual life insurance ltd. I, Murlidhar Baburao Shinde taken kotak life insurance, Dt.of commencement 18/3 . sum

Sum assured rs.500000/- total instalment premium Rs.11995/- . Term: 5.Payment mode Annual.

I have regularly paid instalment amount service tax etc.

Before maturity i.e.on8/3, I have in writing advised to the kotak Mahindra old mutual insurance to pay me 100% amount. However, the co. is insisting that 2/3 amount invested in annuity.

Meanwhile their branch manager Swagate Pune branch advised me orally informed to fill up a form

"Partial withdrawal/surrender form on 23/6.However, the co. is not paying me the above amount till date and earning interest thereon. They have deliberately withheld my money at this age 67years, having many medical problems. Pl. Help me to get my money, oblige me.


Company: Kotak life Insurance

Country: India   State: Maharashtra   City: Pune

Category: Business & Finance

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