Maxnewyork life insurance/ULIP(growth super fund)
Manipulating with units and NAV, trying to cheat custome

I Vishwajeet Tiwari own the policy no.(441008448) of maxnewyork life insurance co. from 6th september with premium amount 20k annually and i have paid all premium till day.

6th sept premium paid, next due date is,

6th sept (nav price is 10.84), premium paid during lapsation period on 14/01 when (nav price is 8.04),

As per IRDA rules, if an individual is paying premium in lapsation period than units will be allocated on current day NAV when individual is paying premium, means in my case i should be alloted units on 14/01 NAV price at (8.04) but they alloted me on due date 6th sept at 10.84 NAV, where i suffer loss of 2.80 per unit.

next due date, 6th sept (nav price is13.49), premium paid during lapsation period on 30/11 (nav price is 14.69)

This time they are correct accordingly IRDA rules, they alloted units accordingly current NAV when the premium paid on 30/11 at 14.69 nav price.

The matter of concern is that, why they had gone against IRDA rule in the second policy due date in september and i had suffer rs. 2.80 loss on NAV on per unit, where i had been cheated by maxnewyork life insurance. I expect sincere concern from your side on this matte

Company: Maxnewyork life insurance/ULIP(growth super fund)
Country: India

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