Fraud Sales Marketing - Consumer Complaint for Manila Bankers Life Insurance Corporation

Aleta Marie Arabis
I was told that this was a 10% Savings Account and has free insurance and medical here or abroad form Kaizer.
So I bought their product with 50,400 pesos.
However, since I needed money, I have decided to close this one and get a full refund. Upon checking their reviews on Google, it says there that this is a SCAM. So the more I want my money back. Upon going to their Head office in Makati, Their Officer Victoria said that I will get no refund since I used all of my money for a one-year life insurance.

They scammed me. This is not a 10% savings as their agent told me during the sales.

They are liars. I don't need insurance because I already have one.

Reply by MANILA BANKERS LIFE SCAMMMMMM!!! on 21 January, 2021
Hi! They told me also that this is like time deposit just like its tagname money saver but when I get a refund they wont allow because I consumed it already unless I will continue it till 5 yrs then I will get the yearly treat. I just started last june 2020 at robinsons galleria. it is so sad insurances are becoming a scam strategy.
Reply by Wennie Lanuza on 5 February, 2021
Hello po ask ko lang po kng gano katagal po before kayo nagpa close ng account? I was also manipulated by their agents. I didn't want to get it in the first place pero they distracted and told me na ndi pa madededuct sa account ko. So I canceled it the next day na nakuha yung plan and requested for refund. Now, I have to wait for 30 days for their approval. But I also filed a complaint on Insurance Commission about this.
COMPLAINT #3696 - Product Issues
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