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Life Insurance Plans

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The following is a consumer report of the Life Insurance Plans from Kotak Mahindra Old Mutual Life Insurance Limited. It contains statistics of consumer complaints, customer criticisms, customer praises, consumer reviews and public interest in general about the product. This consumer report is only applicable to consumers in India.
Kotak Mahindra Life Insurance Plans image
By Kotak Mahindra Old Mutu...
Approximate Price INR .00
Report Effective Date March 11, 2010
Daddy Says ''This Product is too new in our database to provide an opinion about.''
Product is Bad

Overall Score

3.9992
(Bad)
Kotak Mahindra Old Mutual Life Insurance is a joint venture between Kotak Mahindra Bank Limited and Old Mutual plc. It is one of the fastest growing insurance companies in India. It offers Kotak Term or Preferred Term Plan and Kotak Eternal Life Plans as life insurance plans. It is truly a low cost insurance plan that offers high cover at low premiums. There are special rates for women and non-tobacco users. It also has the choice of premium payment. It also offers options like regular, single and limited premium payment option to convert to any other plan. They have value adds such as Accidental Death Benefit (ADB), Permanent Disability Benefit (PDB) and Critical Illness Benefit (CIB)
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    Consumer Feedback

    Public Criticisms
    Public Praises
    Consumer Complaints (Open)
    Consumer Complaints (Resolved)
    Consumer Complaints (Unresolved)
    Consumers Interested
    192
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    Overall Score 12 Month History

    0 0 0 5 4 4 4 4 4 4 4 4
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Consumer Score of Individual Traits

Adherence to Regulationsratings
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Consumerdaddy has no affiliation with Kotak Mahindra Old Mutual Life Insurance Limited, any of its competitors, any consumer complaint redressal agencies, consumer courts or consumer forums. Consumerdaddy does not endorse or disapprove the use of its products and merely supplies data regarding consumer complaints, criticisms, praises, reviews and public interest in general about this product reported to us by our website customers / visitors. Data provided in this page is provided as is, without any implicit or explicit guarantees regarding its completeness, accuracy or reliability. Usage of this page must be strictly in accordance with the  terms and conditions of the website. The words consumer and customer are used interchangeably in the industry, so consumer complaints can also be referred to as customer complaints.
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Public Praise/Criticism

 
 
Kotak Mahindra Life Insurance PlansProduct is Very bad
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Life_Insurance_Plans by Kotak_Mahindra_Old_M...
Rated  2.00 5 Months ago by AnonymousOverall Score 4.00
I have filled up required form for Kotak life Insurance and deposited all required proof (as enclosure) and a cheque No. 979161 of Punjab National Bank, nasik for Rs. 40000. The amount was debited from my savings account on 21-08-2009. Until date, I have not received my policy and they making me run behind them like anything
 
Kotak Mahindra Life Insurance PlansProduct is Worst
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Life_Insurance_Plans by Kotak_Mahindra_Old_M...
Rated  0.00 6 Months ago by AnonymousOverall Score 4.00
Upon constant bugging from life insurance agents, I went in for a policy of Rs 40000 per annum. This year without any intimation, I got an SMS saying that my due date of premium has crossed and in order to avoid lapsing of the policy I should pay by some specific date. After that even before the specified date, I got another message saying that my policy is lapsing if I am not doing an immediate payment. These agents did not give me a proper response even on complaining. Beware of such fraudule
 
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