LIVE Online Course on NDPS by Riva Pocha and Adv. Taraq Sayed. Starting from 24th May. Register Now!!
The Indian Constitution Courses

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

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.



Learning

 3 Replies

Savitri (Housewife)     17 June 2009

Sir,

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.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Recent Topics


View More

Related Threads


Loading

Post a Suggestion for LCI Team
Post a Legal Query