I got a call from icici and was told that since my policy is due for maturity in 2019 and that after one premium (50000) i haven't paid any premium, a new rule from irdai gives a customer a option to choose from to get the benifits of maturity. 2 options were explained and one being that i open a new policy were by i pay 4 intalments at one time of the same amount of the first that i had paid - 2lakh (4 ×50000) with 3 options of insurance company given then icici will pay me the assured maturity.
Just wanted to know if any such rule exists.
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