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NewBie
IDBI Federal Wealthsurance Foundation Plan : want to withdraw the money and surrender the policy?
Hello PolicyWala and to all people
I am Saba Akhtar and I hold a policy IDBI Federal Wealthsurance Foundation Plan.
51 payment of Rs 1000 per month for this policy has been made and I have discontinued this policy.
I want to withdraw the money and surrender the policy.
When I checked with IDBI Federal it seems I will be getting around Rs 45000. The value of fund is Rs 50641.91 but an amount of Rs 5400 (45% of initial payment i.e. 12000) will be deducted.
I am not sure now how can I get atleast the amount I have paid them Please suggest any way out.
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