Dear Sir/Madam,
I have taken a below mentioned policy with the name of my wife. Now i have been aware that as per law wife's insured value can't be more than 50% of husbands insured value in case she house wife. As now i have already paid three premium. so, i just want to know that, on which basis my policy would have been accepted by branch where i have not been entimated regarding this rule that time. If this would have been done worngly then, is any legal way to recover my already paid premium amt. Can i go for any legal action? My wife a housewife.
Policy No- 124727518, Kanchan Kumari,
Sum Assured 5 lacs.
Plan New Bima Gold (T. No. 179)
Commencement Date 28.03.2009
Premium Rs. 4362.00 (Quarterly)
Service Branch 312
Pls suggest me soon. I have already tried to contact related branch office through mail but could not get response.
Thanks & Regards
Ranjan kr.
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