Respected Sir / Madam,
I Mustafa Shaikh residing at Pune, MH, India. I have purchased No. of 02 Insurance Policies from HDFC Life In year 2011 with half year premium was Rs. 12500/- each policy.
The Plan is HDFC Life Children Double benefits Plan.
I have paid only 2 premium sum of Rs. 50,000/- and after these premium the policy got lapsed due to non payment.
I have no position to pay whole premium till date, So guide me what to do?
1) Can I get refund my basic paid up amount from HDFC Life Insurance Company?
2) Can I Convert above policies in to new policy which is premium amt is Small?
Sir, Kindly suggests what I have to do in this situation. Awaiting for reply….