[Resolved]  Kotak Life Insurance — Premium payment period and first premium blocking for term period

Address:

Jodhpur, Rajasthan

Sir, 1-I have taken insurance policy from Kotak Life Insurance as under:
Kotak Smart Advantage (UIN-107L043V01)
2-I took first policy with premium amount Rs 36000/- and premium payment period as 3 years. (Policy no[protected]
3-Than I took second policy for Rs 50000/- and I told that premium payment period as 3 years.(Policy no[protected]
4- I have paid three premiums.
5- I discovered later on that first premium is released or paid at the time of maturity of term period. In case if you surrender the policy even after the lock in perid of three years the first premium is not paid.

Grievience
In the second policy also asked for premium payment term as 3 years and did not check the proposal form and signed. Now I discovered that premium payment period is 15 years. Another problem is Kotak is keeping first instalment and is not invested. This is only given back after term period. This was not told at the time of taking policy.
I am 58 year old why i will opt for 15 years premium payment period .
I want that premium payment period may be changed to three years as in case of my earlier policy and first instalment should also be invested and in case I am surrendering the same may be paid also.