Exide Life Insurance — surrender value of my policy | |
I am a policy holder with exide life insurance since year 2012. It is exide life new fulfilling life whole life plan And my half yearly premium is rs. 7859 which is paid for 5 years, this was great challenge for me like me to pay half yeatly. The agent who got this insurance done had informed as after 3 years you are liable to get the premium amounts paid. I wanted to surrender the policy since had an emergency. But it was a shock to know that the surrender value is around rs.24000. Then what about the rest of the amount, on what basis this much of amount is taken by exide life insurance, there is no bonus added for 5 years. Forget about the bonus i need my premium paid amount to be given. If i had saved this amount all these years in bank i would have got the same back with interest. I kept on promptly paying the amount without knowing to my family. If i'm not getting my premium paid amount rs.86449, i will have to step to consult lawyer to file upon to get it resolved. Was this information helpful? | |
Exide Life Insurance customer support has been notified about the posted complaint. | |
1 Comment | |
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keen to know the outcome; did they pay the premium paid?
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