Name Of Complainant
Yogi M P Singh
Date of Receipt
Received By Ministry/Department
Financial Services (Insurance Division)
Financial Services (Insurance Division) >> Misrepresentation by Agents >> Mis-selling of Policy
Insurancy Company : Other / Private Insurance Company.
Branch/Name of Insurance Company & Branch(If other) : MAX LIFE INSURANCE COMPANY LIMITED Registered office -419, Bhai Mohan Singh Nagar, Rail Majra, Tahsil –Balachaur, District-Nawan Shahar, Punjab PIN Code 144533 Head office- 11 th and 12 th floor, DLF Square Jacaranda Marg, DLF City Fase –II Guru Gram 122002 Proposal number-342469947 Customer ID -837688917
Name of Agent : Assistant manager axis bank Beltar District Mirzapur
Prayer-Refund the amount paid as a premium to the account of the applicant in the insurance sold by the company through an assistant manager detail is herein given.
The matter is concerned with the fraud committed by Assistant manager axis bank Beltar District Mirzapur in the name of insurance. Here cheating committed by the Assistant manager axis bank Beltar District Mirzapur who has assured on the maturity of the insurance, the company will provide the applicant 13 Lakh 9 thousand but whateve
Date of Action
Spoken with the customer and requested to visit our office along with policy pack , id proof and NEFT documents and also requested to write from the registered email id.
Here most important thing is that since the matter is concerned with cheating which is criminal offence and this is not important that which email is being used or what platform is being used more emphasis must be on the transparency and accountability. We are not fraud like you. After one month procrastination you asked to return the mis-sold insurance which was sold by misleading the aggrieved applicant Keshaw Pratap Singh. We will today return back your policy by taking receipt from your concerned staff.
Ms. Charu Maheshwari
Reminder(s) / Clarification(s)
An application on behalf of Keshav Pratap Singh name of the father Rajendra Pratap Singh. Prayer-Refund the amount paid as a premium to the account of the applicant in the insurance sold by the company through an assistant manager detail is herein given. The matter is concerned with the fraud committed by Assistant manager axis bank Beltar District Mirzapur in the name of insurance. Here cheating committed by the Assistant manager axis bank Beltar District Mirzapur who has assured on the maturity of the insurance, the company will provide the applicant 13 Lakh 9 thousand but whatever documents made available by the company concerned is disclosing fraud committed by the concerned assistant manager. Insurance policy detail is as follows. Name of the company MAX LIFE INSURANCE COMPANY LIMITED Registered office 419, Bhai Mohan Singh Nagar, Rail Majra, Tahsil Balachaur, District Nawan Shahar, Punjab PIN Code 144533 Head office 11 th and 12 th floor, DLF Square Jacaranda Marg, DLF City Fase II Guru Gram 122002 Proposal number 342469947 Customer ID 837688917 Vide attached document for more detail.
Dear Mr. Singh, Greetings from Max Life Insurance I am Priya Gupta from Max Life Insurance’s Services team. Ms. Charu Maheshwari received your email and I’m responding on her behalf. As discussed, I am working on your concerns please allow me time till Aug 10,2020 to get back to you on this. Thank you for your patience and support Yours sincerely Priya Gupta Assistant Manager Customer Service Max Life Insurance Co Ltd, 3rd Floor, 90 A, Udyog Vihar, Sector 18, Gurugram 122 015, Haryana, INDIA Office Time 9.00 AM to 6.00 PM Monday to Friday Aug 5, 2020, 12 35 AM Honourable Staff of insurance company concerned, Thanks for acknowledging the receipt of the complaint with providing setup duration to dispose of the matter. Moreover, the matter be dealt with by pursuing the R.B.I. Guidelines regarding the refund of the payment made. According to new guidelines refund ought to be made into the same account through which payment was made. Date 05 Aug 2020 With regards Yogi M. P. Singh details as aforementioned in concerned grievance cum complaint. Today following message was sent on the Mobile of the aggrieved Keshaw Pratap Singh by the aforementioned insurance company. Dear Policyholder, Your request no. 4752610 is under processing. We will get back to you within 3 working days. We thank you for your patience. Regards Max Life Insurance.
Undoubtedly matter is concerned with the cheating and the assistant manager of axis bank , Beltar, Mirzapur city acted as agent of the Max Life insurance cheated the aggrieved Keshaw Pratap Singh quite obvious from the video footage of CCTV installed in the axis bank but concerned instead of taking any action in the matter only procrastinating on the matter. They are only misleading nothing else. FW: Sir whether we are living in the age of cheaters, liars and bankrupts quite obvious from the matter concerned?policy number 342469947 firstname.lastname@example.org email@example.com Mon, Aug 10, 2020 at 7:33 PM To: firstname.lastname@example.org Cc: email@example.com, firstname.lastname@example.org Dear Mr. Singh, Greetings from Max Life Insurance We are working on your concerns raised please allow me time till Aug 14,2020 to get back to you on this.
Whether it is not procrastination on the part of Max Life Insurance company. Following is the email of the applicant which categorically states that they may follow the R.B.I. Guidelines to refund the paid amount but their activities are cryptic and incredible still. Beerbhadra Singh email@example.com Wed, Aug 5, 12:35 AM firstname.lastname@example.org Mon, Aug 17, 12:08 PM (7 days ago) to me Dear Mr. Singh, Greetings from Max Life Insurance I understand that you became angry / irritated because your initial attempts to get the matter put right have led you nowhere. We are still evaluating your concerns please allow me time till Aug 20,2020 to get back to you on this. email@example.com Aug 20, 2020, 12:28 PM (4 days ago) to me Dear Mr. Singh, Greetings from Max Life Insurance We are still evaluating your concerns. I understand the long delay and regret the same. It should not be taking this long. This is not representative of our usual service standards. We will let you know the status by Monday, Aug 24,2020. firstname.lastname@example.org 12:53 PM (1 hour ago) to me Dear Mr. Singh, Greetings from Max Life Insurance We request you to provide the available date and timings in order to arrange the meeting and resolve your concerns on priorty. In case of any further assistance please feel free to write back to me. Max Life is committed to deliver the best services and assure you of the same. Your sincerely Priya Gupta Assistant Manager- Customer Service Max Life Insurance Co Ltd, 3rd Floor, 90-A, Udyog Vihar, Sector 18, Gurugram -122 015, Haryana, INDIA Office Time: 9.00 AM to 6.00 PM (Monday to Friday)
As soon as they sent terms and conditions to the aggrieved applicant Keshaw Pratap Singh, complaint submitted against the erring company by disclosing the story of the cheating done by the assistant manager Axis Bank Beltar District-Mirzapur to the concerned department of the government of India as required under law. Since their integrity was under cloud since beginning and this business being pursued by them only to cheat innocent and gullible citizenry so they adopted the same path of cheating even in the submitted complaint alleging fraud done by the aforementioned manager of the Axis bank. They are saying that Keshaw Pratap Singh is policy holder how as soon as terms and conditions sent by the MAX Life Insurance Company and fraud of Assistant Manager came to light, he immediately sough refund of the paid premium. Whether 13 Lakh 9 thousand will be provided by company on maturity of Insurance and Keshaw Pratap Singh was sold insurance policy of the aforementioned amount by the Assistance Manager Axis Bank If aforementioned amount will not be provided according to document provided, then this insurance was not purchased by Keshaw Pratap Singh. How Keshaw Pratap Singh is policy holder if on maturity this insurance can not be instrumental to benefit 13 Lakh and 9 thousand. Here company and its staffs are only procrastinating and making unsuccessful effort to cheat entire paid premium by taking concerned public functionaries in good faith. They are not in touch of aggrieved Keshaw Pratap Singh and not initiated process of refund by pursuing R.B.I. Guidelines. We are feeling quite insecurity in this age of economic offenders having the blessings of corrupt public functionaries committing fraud and cheating in the broad daylight with innocent and gullible citizenry.