Surrendering max life insurance policy
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i just inisiated a policy surrender in maxlife. i was paying for the last 8years but i needed the money for purchasing a property
my question is will there be any fine or charges as im closing the policy?
will i have to visit max life to get the money? or the process is just online and gets deposited to my bank account?
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I surrendered last month but I had only paid for 3 years out of 15 years. Received only 33% of principle 😌
damm, rekting. painful. i hope its not large sum
Bro if it’s ULIP kind of a plan then you will get only somewhere around 50-60 percent of the premiums paid depending upon maturity date and other factors. Check properly before cancelling.
That is the policy name. It was forced on me by my friend at axis
never mind. i logged into maxlife. its shows surrender value 10k less. so i guess im not loosing much. but still hurts
Guys, please help me for query.
Last year I got scammed by loan on insurance from aditya birla finance(not sure if they are really from Aditya birla).
They made me buy 1.5L ULIP from BhartiAxa. How to cancel it and how much I'll get back?
This what it shows on maxlife portal. It says refund has been sent on 19th via neft but i have not received it. I have submitted a cancelled cheque also. Hope they didnt enter wrong account number 
how much was the whole tenure for?ragdenge ache se in surrender value. process is automatic but they will try everything to stop you from surrendering.