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satish verma (service)     17 June 2009

life insurance

whether a person can ask for refund of premium amount after paying 1/2 premiums on the ground that he is not in a position to continue the policy.


 3 Replies

Savitri (Housewife)     17 June 2009


I didn't understand "1/2 premium".

Whether it is half-yearly premium?

A V Vishal (Advocate)     18 June 2009

Dear Satish,

Generally there is a lockin period for the Insurance policy, if you pay 1 or 2 premiums I think you cannot claim the redund the previousl paid premiums. Kindlt confirm the Lock in period from your company and act accordingly.

V.V.RAMDAS (Advocate)     21 June 2009

Lockin period is 3 years.

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