[Resolved] SBI Life Insurance — surrender value is less than what is deposited
ref-policy no-[protected][ sbilife]
With ref to above policy no i may bring to your kind notice that i have deposited Rs 20000 each in year 2007, 2008 and 2009 amounting total Rs60000.In august 2010 i surrendered the policy as the sensex is arround 18000. But to my utter disgust only Rs59786 was credited in my account as surreder value.They did not provide me the statement how they calculated the surrender value.It is very unfair to get less amount than what i deposited after three years when the sensex is doing well.I think there is some serious mistake in their system.
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Complaint marked as Resolved Aug 13, 2020