POSTED BY April 14, 2011 11:57 am COMMENTS (7)ON
I had applied for a LIC term insurance in March. Premium Amount got deducted from my account on 5th March 2011 after health checkup.
Received policy number somehow and registered on their portal in April. It is being displayed there –
Policy commencement date – 19th March 2011
Enrollment date – 7th April 2011
I have not received policy documents yet. Once I receive it, I am planning to cancel it in free look-up period. My questions are –
1) What will be free look-up date in this case? 15 days from enrollment date/ commencement date or date of receiving the documents? If it is 15 days of actual receiving, how will I prove that I’ve received it late, and 15 days has not been passed already?
2) What will i need to do to cancel it within 15 days?
There is no benefit in calling their customer care as all info-centre executive remain busy always. And not to speak of e-mail, as I doubt that even someone reads it!