Kotak Mahindra old Mutual Life Insurance Limited.(kotak super advantage)
Complaint and Clarification Regarding Policy No- 01931790

I also took kotak Super Advantage plan, as false commitment given by there representative, if i invest 30000 for 3 years my fund will comes to be 143000 (gauranteed) after 3 years and i can withdrew that amount and if i wish to continue, i don't have to pay any premium till 5th years.

Recently i called Kotak customer care and came to know that this total amount of 200% will recevie on 20 year only, and if i try to withdraw the amout after 3 year's, i will get only 2 year's amount and interest amount and they will deduct my 1st year premium intsallement plus there would be 4% surrender charges. This is a big cheating and scam by the Bank.

Please look into this matter as i have already paid my 3 years instalment and want to withdrew my amount as i have some urgent family need for the money.

My Premium Details:

Policy no: 01931790

Client Id: 53610298

There promises:--

Premium-30, 000 for 3 yrs.

Bonus-200% Gurenteed On your 1st year premium.

Insurance-5 lac.

Medical Claim- 1lac.

Returns-10-12%.

Company: Kotak Mahindra old Mutual Life Insurance Limited.(kotak super advantage)
Country: India
State: Maharashtra
City: Pune

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