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I purchased Policy (INDIAFIRST LIFE GUARANTEED PENSION PLAN) by paying 1lakhs 2 days ago from (India
05-Feb-2023 (In Insurance Law)
I purchased Policy (INDIAFIRST LIFE GUARANTEED PENSION PLAN) by paying 1lakhs 2 days ago from (Indiafirst life insurance). but after calculation I feel it is worthless. so now I want to cancel policy and get refund (excluding GST). I think there is 15 days free look time. so can I get refund?nnAgent is denying to cancel the policy. She also said If you don't want to pay you can skip 2nd and 3rd installment but you will get your 1 lakhs back after 3 years. nnAbout Plan: pay 1 lakhs for 5 years (total 5 lakhs), after that you will get 35000 yearly
Well, I have to read the terms and conditions of the Insurance Agreement which you have to share with me, then, I will be able to answer you, whether, you can cancel the Insurance Policy or not! Don't rely upon the statement of agent, rely upon what is written in Policy
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Adv. Pankaj Bajaj
Mumbai | 500+ Answers
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