Inconsumercomplaints.com » Business & Finance » Review / complaint: Participating endowment plan (with Limited Premium Payment term Options) - Low Surrender value inspite of exceeding lock in period | News #477115

Participating endowment plan (with Limited Premium Payment term Options)
Low Surrender value inspite of exceeding lock in period

Policy number 0073442491

Invest gain-platinum; the policy premium term is of 15 years.

Policy commence date: 28/10

Premium Amt and Mode: Rs. 3947 half yearly.

I have paid premiums on regularly and last premium paid on April' due to financial cirisis i am not able to continue the said policy further and would like to surrender the said policy. On approaching the Branch office Gandhinagar on 2oth June'2011 I was shocked to know the surrender value which informed was rs.12215.60 only against my premium paid till date was amounting rs. 31576/-.

It is really painfull for a common men to accept above.

kindly extend support by releasing payment at par to my investment made till date.

regards,

Tejas Dakwala



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