[Resolved]  HDFC Bank Life - Unit Linked Young Star Plus — CAN NOT CHANGE THE BENEFICIARY

Address:

Delhi

Dear Sir,

I had take a Policy #[protected]UNIT LINKED YOUNG STAR PLUS) POLICY FROM HDFC STANDARD LIFE INSURANCE COMPANY ON 4th JANUARY 2008. BENEFINICIARY IN THIS POLICY WAS MY WIFE KULJEET KAUR. I PAID INITIALIY PREMIUM FOR 3 YEARS & THEN STOPPED PAYING THE PREMIMUM. IN THE PAST FEW YEARS I AM NOT IN GOOD TERM WITH MY WIFE & WE GOT SEPERATED. NOW I WANT TO SURRENDER MY POLICY TAKE THE SURRENDER VALUE BUT COMPANY INFORMS ME THAT THE AMOUNT WILL BE RECEIVED ONLY BY MY WIFE & I CANNOT MAKE CHANGES IN THE BENEFICIARY NAME. THIS IS REALLY SURPRISING. IF I HAVE PAID ALL THE PREMIUMS & I AM THE POLICY HOLDER THEN WHY CAN'T I MAKE CHANGE THE NAME OF THE BENEFICIARY? PLEASE ADVISE.

RGDS,

Santokh Singh
[protected]