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PW NewsDesk
Life Time Super Pension policy - How to get policy bonus and agent commission and what is its procedure?
I had taken Life Time Super Pension policy & I had withdrawal of it before 2 years. Then I got phone Through information from several Delhi iicicipru agent and said me that your bonus and your agent commission are left here in your policy and if you want to take it, you have to take one policy of 50% of your previous policy premium. Then I took this new policy of guaranteed savings insurance plan on 31/3/2012. Then the agent contacts me on 28/06/2012 and said me to take 25% of your previous policy premium.
Then I want to know the agent guide me proper way or only want my new policy from my side to gain his job target.
My previous policy bonus and agent commission can I get it and what is its procedure.
via email @ purna dave
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PW Stalwart
So you are no more paying any premium, so why would they pay you the bonus, when the policy is not in force. Each policy is separate from other policy, I am sure that agents had made fool of your. Always take written document, if some one is claiming some thing ask them to give you in writing and verify that from the insurance company.
Sharing of commission is illegal, yes some agents are still doing that but always report it to insurance company or IRDA.
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