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Max New York Life Insurance / misguidance/fraud

1 India Review updated:

Respected sir,
I would hereby bring to your notice about the 6
Policies made in max new york life insurance company through yes bank, rudrapur
Pin - 263153
I would discuss one by one the 6 policies which were made by misguiding us.

1.) policy no. [protected] life insured - ms. Mahak nayeem, policy
Holder - mr. Naim mohammad, date of proposal - 28/01/2008

This policy and the policy to be discussed next were made from a
Single cheque without our consent (Cheque no. 930794 of icici
Bank). A cheque of 25000/- was taken and 2 policies were made from it
Without our consent. The signature of proposer were made by agent
Himself. Date of birth (20 may 1988) and educational
Qualifications (Intermediate) were wrong inputs which he made himself.
With a modal premium of rs.12501.95/- and term of 12 years sum assured
Being 61000, i'd like to ask who would desire such a policy. All such
Misguidance took yes bank to the peak of their commission, befooling
Us.

2.) policy no.[protected] life insured - ms. Mahak nayeem, policy holder-
Mr. Naim mohammad, date of proposal - 28/01/2008

All the above misguidance continued in this policy too.

3.) policy no. [protected] life insured: mrs. Shahanaj, policy holder:
Mrs. Shahanaj date of proposal: 30 jan 2008

For a modal premium of 12559.90/- and 12 years being term of plan, the
Sum assured is 58000/-. Who would desire such a policy. All such was
Misguidance of yes bank, befooling us. Wrong date of birth and
Education qualification (Intermediate instead of real i. E double m. A.)
Were the inputs. Signature of life to be insured were not taken.

4.) policy no. [protected] life insured: mrs. Shahanaj, policy holder:
Mrs. Shahanaj date of proposal: 30 jan 2008

All above misguidance continued in this policy too.

5.) policy no. [protected], life insured: mrs. Shahanaj, policy
Holder - mr. Naim mohammad, date of proposal - 20/02/2008

In this policy annual target premium has been stated rs. 30000/- and
Sum assured is 150000/-

6.) policy no. [protected], life insured: mrs. Shahanaj, policy holder-
Mr. Naim mohammad, date of proposal - 20/02/2008

In this policy modal premium has been stated rs. 19987.57/-, term of
Plan - 12 years and sum assured is 92300/-


In view of the above, i, naim mohammad, would like to withdraw these
Policies and would like my money back.

Yours sincerely,
Naim mohammad
Ashiana, railway bazar,
Haldwani pin-263139
Ph no.+[protected]

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Comments

  • Ma
      19th of Oct, 2010
    0 Votes

    Dear Mr Mohammed,


    We have noted your concern and are currently investigating the matter. Our customer service executive would get in touch with you once we have completed our investigation.

    Your sincerely
    Support Team
    Max New York Life insurance

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