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Complaint #1439 — N K SUNDARAM
Filed: 7 Jun 2013 ·
Address: D 123 Sarojini Nagar New Delhi
I have Unit Linked Policy in Max Life Insurance Co. and paid my first premium (Rs.one lac) through Bank. Due to medical grounds I could not paid further premiums. I wrote a letter to them to surrender the policy. They accepted my surrender and told that No amount will be refunded because as per the policy\'s terms and conditions. As this is a unit linked policy they put my one lakh in the market and got the benefit but not return even a paisa to me even i have paid 1 lakh rupees in first premium. What can i do to get the premium amount i was already paid. Kindly help in this regard.