[Resolved] Reliance Life Insurance — policy got lapsed and not refunding paid premium
Jambusar, Gujarat, India
The policy was opened in 2010 and only one premium was paid. Now the status shows its been lapsed and i can't get the first premium amount back. The amount is not small its 50k. If second premium is not paid you should cancelled the policy and refund the first premium. You can charge penalty on the amount but its not like we can't get the paid amount back. Policy number is 18246104
Complaint marked as Resolved Mar 4, 2018
[Jan 31, 2018] Reliance Life Insurance customer support has been notified about the posted complaint.
Verified SupportReliance Life Insurance Customer Care's response, Feb 01, 2018
Dear Mr. Patel,
We sincerely regret the inconvenience caused. Further to your telephonic conversation with our service representative, we will get back to you shortly with a resolution.
Reliance Nippon Life Insurance Team
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