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Refund of Premium Abhinav-Kukreja | Insurance | 1 Reply


I am Abhinav Kukreja, had taken 2 policies of Max NewYork Life Insurance, Policy No: 713424257 and 456495464. I had paid the first installment of Rs: 50000/- (2 policies) in 2008 after which i couldn\\\\\\\'t pay due to financial problem and had to discontinue. I would like to know is there any way IRDA or any court help me recover my original amount or make a new policy and utilize my existing money of Rs: 50000/-. We belong to middle class family and loosing 50000/- is a big amount for us.

By IndianMoney Experts - 2013-May-30
Dear Abhinav, Kindly contact the Max New York Customer Care on Toll free numbers 1800 200 5577 in order to resolve your complaint. Kindly read the policy fine print during the 15 day grace period. Remember always pay your premiums on time. You would now have to pay a higher premium on renewability but there is no way of getting back your premium amount that you have paid. You can always look up the website for your insurance needs.
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