KOTAK MAHINDRA OLD MUTUAL LIFE INSURANCE LIMITED.- cheating/fraud/420 with customer

Complaint posted by: Malkinder Singh on 24-Jan-2012 1 Comment
caticonslite_bm_alt Company: Kotak Mahindra (2 complaints)
Category: Banks & Financial Institutions

SIR

I MALKINDER SINGH FORM LUDHIANA PUNJAB  HEREBY  LODGE  A COMPLAINT AGAINST KOTAK MAHINDRA OLD MUTUAL LIFE INSURANCE LIMITED.

SOMETIME AGO IN NOVEMBER 2011 A PERSON FROM DELHI NAME MR. BHATIA CELL

NO.9599956483 AND LAND LINE NO. 01149805600 CALL ME AND TELL ME THE PLAN OF KOTAK  MAHINDRA. HE SAID THAT WE HAVE A LIST FROM RBI SHORT LISTED PERSONS AND YOU ARE ONE OF THEM, SO WE OFFER A CHANCE TO YOU TO AVAIL IT. IF YOU GOT A  KOTAK MAHINDRA PLAN UNDER NAME KOTAK ASSURED INCOME PLAN (UIN-107N069V01) THEN WE PROVIDE  A  OD LIMIT TO YOU  UP TO 20,00,000/- (TWENTY LAC) FROM CITI BANK BECAUSE  WE HAVE  TIE- UP WITH CITI BANK AND KOTAK MAHINDRA AS BUSINESS PROMOTION SCHEME . YOU CAN SELECT ANY PLAN  i.e IF YOU GOT 25,000/- PA PREMIUM YOU CAN  GET 5,00,000/- (FIVE LAC) OD LIMIT FROM CITI BANK AND IF YOU GOT 50,000/- PA PREMIUM  YOU CAN GET 10,00,000/- (TEN LAC) OD LIMIT FROM CITI BANK  SIMILARLY  IF YOU GOT  1,00,000/- PA PREMIUM  YOU CAN  GET

20,00,000/- (TWENTY LAC) OD LIMIT FROM CITI BANK WITHIN ONE MONTH  FROM THE ISSUE POLICY DATE FOR A PERIOD OF TWENTY YEARS. SO I AGREE WITH HIM AS ABOVE SAID TERM & CONDITION.

AFTER THAT HE INFORM TO KOTAK MAHINDRA OFFICE AT LUDHIANA AND THEY CONTACT TO ME WITH  ADVISOR CELL NO. (9501521141) UNDER NAME OF AGENT  (POLO SETCO TIE-UP PRIVATE LIMITED -LUDHIANA),AGENT CODE (60140804), AGENT TEL. NO.

(033-32619398), AGENT MOB.NO.  (9331664436) AND AGENT ADDRESS  182,R.B.C.

ROAD, NAIHATI 24 Pgns(N)  PIN 743165.

AFTER DISCUSSION WITH  ADVISOR  I GOT A POLICY NO. 02419569 AND CLIENT ID.

54791299 DATED 10/12/2011 AT  RS. 99,999/- PA PREMIUM SO THAT I GET THE OD LIMIT  UP TO 20,00,000/- (TWENTY LAC) FROM CITI BANK.

AFTER FEW DAYS I RECEIVE  A CALL FROM ABOVE SAID  LAND LINE NO.  AND  THEY TOLD ME THAT THEY SPEAK FROM CITI BANK  REGARDING MY OD LIMIT FORMALITIES .

THEY ALSO SAID  THAT THEY HAVE RECEIVED ALL  PHOTOCOPIES OF MY POLICY DOCUMENTS  FROM KOTAK MAHINDRA  AND VERY SOON OD LIMIT PROVIDE TO ME .

BUT STILL I HAVE NOT RECEIVED ANY CALL FROM THEM. IF I CALL HIM HE DOSE NOT PIC THE PHONE.  I THINK  THIS IS A GROUP OF CHEATERS / FRAUDY PEOPLE / 420 PERSONS . NOW I REQUEST YOU PLEASE LOOK IN TO THE MATTER AND ACTION AGAINST THEM AS PER LAW.

I ALSO REQUEST YOU TO CANCEL MY POLICY AND REFUND MY AMOUNT RS. 1,00,000/- (ONE LAC) I AM NOT INTERESTED TO WORK WITH NON COMMITTED COMPANY OR PEOPLE LIKE THIS. WAITING YOUR  EARLY ACTION AND REPLY.

THANKS AND REGARDS.

MALKINDER SINGH

(CELL 9814436663)

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Category: Banks & Financial Institutions

One Response to “KOTAK MAHINDRA OLD MUTUAL LIFE INSURANCE LIMITED.- cheating/fraud/420 with customer”

  1. Rahul S says:

    Sir,

    My Name is Rahul S,Am a retailer also(Area Chalakkudy)..
    outlet Num:9895279057,9995343027
    Company:Sj Company Chalakkudy(Airtel),Anamala junction Chalakkudy
    Fos No:9895149700(Sajin),Dis:9895015946(Jose)

    1) 1st issue

    As per the request of company side that means the Distributer,
    am doing plenty of activations from 16-03-2011(march 2011)
    To on going months respectively.

    As per the demand of distributer side they are demanding
    7 Gram GOLD coin also..
    So in this demad am also to accepting and I achieve this target also.

    They are also to give Only 3Gram Gold Coin.
    “Whats the exact issue of releaving this claim”
    I Personnaly complaints to The Distribution point and the head of the departments respectively.
    But We cannot get the exact solution.

    2) 2nd issue

    As per the demand of distributer side they demanding
    more than 50 MNP activations (july 2011-Aug2011)they will give 4GRAM Gold Coin Respectively.

    So Am Doing 57 MNP Activations also.
    So am also to eligible for this claim.

    in the distributer side they will give only 2 Gram Gold Coin also.
    So please allow the balance Claim.

    i personaly says that this is not at all the correct way of direct marketting.
    if you provide any kind of the claim details PLEASE provide the retailers,..

    kindly Gives to this Claim also.

    Please do the needful and REVERT.

    By..

    Rahul S
    Contact:9895982868
    mail:rahulssrahul@gmail.com

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