[Resolved]  SBI Life Insurance — Non coverage of Insurance by SBI Life

Address:

Gorakhpur, Uttar Pradesh

Respected Sir/ Madam,

My late father has taken home loan from SBI and the option of insurance from SBI Life was opted by him at the time of loan and the amount of insurance was paid by him in March, 2006 as one time premium and now my father has left for his heavenly abode on 17th Jan, 2011. I have informed the Banks officials to adjust the unpaid premium against the claim of his above mentioned policy. After about a week the bank manager told me that the loan amount was not insured, the reason was not told by her due to non availablility of relevant information with the bank. Since March 2006, no information was provided by SBI life or SBI about the non coverage of insurance also the deducted amount paid as premium was not refunded to the payee account.

What is the fault from our side?

If it is not a fault from our side then what i have to do? Kindly provide guidance.

Regards,

Sandeep Rai
[protected]@gmail.com
[protected]