Results 1 to 4 of 4

Thread: Surrender policy

  1. #1
    NewBie
    Join Date
    Feb 2014
    Location
    India
    Posts
    1

    Default Surrender policy

    Whom do I approach if I feel my insurance company cheated me? I received only 40% of the premium paid as surrender value after 8 years.

    Does IRDA really help?



  2. #2
    Moderator Matrix's Avatar
    Join Date
    Jul 2009
    Location
    India
    Posts
    258

    Default

    Have you read the term and conditions of the policy? What it's saying about surrender value?

    If the insurance company is not following the term and condition and paid you less amount then mentioned in the policy document. You can register your complaint to insurance company first and then if no response escalate to IRDA.

  3. #3
    Moderator Matrix's Avatar
    Join Date
    Jul 2009
    Location
    India
    Posts
    258

    Default

    You can file your complaints to -
    1- IRDA
    2- Ombudsman
    3- Consumer Court

  4. #4
    NewBie
    Join Date
    May 2012
    Location
    Delhi
    Posts
    19

    Default

    Here you haven't share about the information of your insurance policy, if it belongs to ULIP then the surrender value is based on current market status so it is good to clear the basic things from the service provider company before file a complaint against them.


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •