Met life life policy cancellation


I took  annuity policy from Maxlife in 2011. I paid two annual premiums and discontinued my policy.

I send mail to the concerned company by mail that i am unable to continue the said policy and asked them do the needful for refund of my premuim as per rules. But no reply from them.

I asked the Axis Bank person thro' whom i joine this policy is telling i cannot get the money back.

How can i loose my hard earned money? 

Kindly advice what to do.




I appoached the office of Maxlife, as per them if i pay three premium only they will refund the money minus the charges as per IRDA rules. As per them i cannot get any money back after paying only two premium for the policy of total seven years




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