Kotak Life Insurance - Policy deposit fraud method
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Complaint by: Achal on February 10, 2013, 11:15 am in Insurance All

Mr Rishabh Tripathi company - Misguide & cheat Rs 150000/- Mr Rishabh tripathi & company on use IRDA name
Complaint by: Achal on August 13, 2012, 1:42 pm in Business and Finances
Complainant's Goal: Please cancel Insurance policy Amt , Take action on Mr Rishabh tripathi
Complainant's Target: Mr Rishabh Tripathi & company
Complaint Location: India › Delhi › New Delhi
To Support Achal Click:
Dear sir, I deposited policy in misguide (IRDA dept wrong person ), Same person ( Mr. Risabh tripathi 0********99) came call for IRDA dept, Say deposited policy for only 3month 10days, after automatics cancel & release Rs185000.
Sir, Deposit reliance policy
Reliance Life Insurance Co Ltd policy no 19245356 Rs 40000/-

After 15 days came phone Same person ( Mr. Risabh tripathi 0********99) IRDA dept, Say deposited policy for only 56 days, after automatics cancel & release Kodak share benefit Rs 225000/- per annual for 10 years
sir, I am unable to continue this policy ,because my income is very less, & I deposit this policy on loan . I have no more money for deposit next installment

Kotak Mahindra old Mutual Life insurance Limited
Policy no Rs 35000/-
Kotak Mahindra old Mutual Life insurance Limited
Policy no 02392606 Rs 45000/-
After 8 month came phone again your same amt short , if you deposit Rs 7300/- then release benefit.
I sent courier Rs 7300-
First Flight Courier

Consignment Number MJ0245893 27 April 2012 Rs 7300/- Short fill Amt

First Flight Courier
Sanjeev Kothori
D – 1092, Sector 63
Nodia -201301
UP
Sir, After 20 days phone came again say, your benefit fund release then cash deposit Rs 22700/- Vat & TDS amt.
First Flight Courier
Sanjeev Kothori
SANJEEV KOTHARI
ADD-D/42/221
SEC-63 NOIDA
PIN 201301
Sir, Mr Rishabh & company cheat, Misguide & 420 for me.
Totally cheat Rs 150000/-
I complain many time insurance company Relaince & Kotak Mahindra old Mutual Life insurance Limited .
But company give one line answer “ Your 15 days free looking period is off. No refund & cancel after 15 days reach policy

I request to u , please cancel both policy & reture my amt .

Details of person contact no.
Rishabh Tripahi ********99, Anil Bakshi ********11, Vikram Chauhan ********14, Mr Chakravart ********40 , Yogesh ********28, Unknow ********51, Atul Pathak ********52, Nitin Bhardwaj
I request to u,please help policy cancel & refund my amt.

Thank U

Achal Kumar Tewari
14/626 Murad ali Lane
Udaiganj
Lucknow
226001

Complainant's Goal: please punish fraud person & refund policy amt
Complainant's Target: Kotak Life Insurance
Complaint Location: IndiaUttar Pradesh
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Recent Comments
2.
Fri, 22 Feb 2013  Ganesh

i faced an issue with Kotak insurance, i paid 18k in 2010 for about six months. i had registered for ecs initially did not work, submitted the form for ecs again did not work, again i had literally submit the form for fourth time . frustrated !!but every month a guy used to come take money , give me reciepit. untill now i don't own that 18k i have paid. after 3 years now people from kotak tell me il get only 1800 from my 18k. recommond no one to go for KOTAK. worst bank, insurance, customre care.!!

1.
Mon, 11 Feb 2013 - Business Reply from - kotak support (Kotak Life Insurance)

Dear Achal,

We request you to write us on kli.grievance@kotak.com ID along with policy no. for better assitance.

Regards,
Kotak Support Team