Kotak Mahindra Old Mutual Fund Life Insurance Ltd
Payment of premum

I am in receipt of your letter dated 1.12.2010 of Kotak Life Insurance conveying therein that

Policy No.00117230 (Cl. ID No.188536) in the name of Sakshi Sharma has

lapsed due to late receipt of the premium. It is alleged that policy

was in lapse mode for more than six months and can be revived only

after completion of certain formalities.

I may apprise you that the due date of payment of premium was

February, as admitted by you also in the aforesaid letter, then

how the policy can remain in lapse mode for more than six months when

you are in receipt of premium on 3.5.2010. If the premium would have

not been paid upto August, then your version might be right.

Moreover, the instant communication shows that how much concerned you

are with the people associated with you. You are in receipt of the

premium in May but now after a lapse of 8 months, you have

gathered that there are some technical problems. If you are rendering

such type of facilities to your customers, then it would be better for

me to look forward to another company who can take care of the

benefits of the customers in a better way.

R.K.Sharma

Company: Kotak Mahindra Old Mutual Fund Life Insurance Ltd
Country: India
State: Uttar Pradesh
City: Saharanpur

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