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Insurance co. wrongly charged premium despite my refusal to continue
21-Mar-2023 (In Insurance Law)
I got a ICICI prudential life policy and I paid a premium in last financial year – Rs.2 lacs. I realized that the policy was not effective and I emailed the bank on 31Dec 2014 that I do not want to continue the policy and they should not charge me the premium for 2015.
They also sent me a acknowledgement email. But they still charged the premium in March this year and are not refunding it now.
What should I do now?
If your money is not being refunded after making requests then,
You can send a legal notice through an advocate to the company demanding your pending dues.
If the company doesn't reply to the notice then a complaint can be filed in the concerned consumer court regarding the same.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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