Ref: Policy No. 370680365 issued by “Max New York Life Insurance Co. Ltd.”
Sub: Refund of Premium Money due to Miss Selling of Policy issued by “Max New York Life Insurance Co. Ltd.”
I have intimated to Max New York Life Insurance Co. Ltd. twice Vide enclosed copy of letter dated 06-08-10 & 02-09-10 but they are not in a mude to solve the problem.
Therefore, I am very sorry to inform you that Signature on the application form (marked 21 of 48) where Policy details like Premium Paying Term, Premium payment detail etc. is mentioned was not mine, (Xerox copy of application form is enclosed herewith for your ready reference), as a result
1) Total Premium payable was 1978000 instead of my desired/understood 296700.
2) Premium payable for 20 years instead of my desired/understood term 3 years.
3) Policy is Traditional plan instead of ULIP.
4) Premium payment mode was annual instead of Semi annual.
Therefore, Due to so long 20 years term and Rs. 1978000 total payment of the policy, I am unable to run the policy and Hence I request you instruct them to refund the premium at an early date.
Dr. Bijendra Nath Rai
50/2, Maulana Abul Kalam Ajad Road
Howrah – 711 101 (WB)
Email ID: [email protected]
Phone No. 9830120167
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