Answers: Is the agent trying to sell you some other policy? He is probably interested within making a commission for himself. The company will be happy if you leave the policy you took as they get to preserve the entire money.If you are to take the policy, produce sure you fill up adjectives the papers by your self as the agent will insist on just getting you to sign the forms, teem in your cross address and sign the checque in their fancy.
One of the conditions of not paying up the insured amount is wrongful information given. The form that the agent insisted on filling for me ( though I told her that I have sufficient time to do it on my own) was full of concocted facts, that be untrue, so obviously, be I to ever make a claim, it would be rejected on grounds of wrong information submitted, which be actually put contained by by the agent without consulting me. So forget around your mominees ever claiming anythng in event of your departure.
I had taken an insurance policy from them but did not catch the policy docs for a year since taking it.
They have what is call a free look period, however they will not distribute you the policy documents within the sipulated time when you own the option of cancel the policy. This also saves you the shock of knowing the exorbitant undetected charges the agent didnt tell you in the order of.
Once the policy comes up for renewal, you will get abundantly of calls from awfully sugary sounding agents asking you to renew the policy. If you ask them for the NAV of the investments they made in your policy, they will outrageously fib by greatly inflating the NAV's of the scheme invested surrounded by. Ask for confirmation of the NAV and they will promise to call you put money on, after which you will be left contained by peace for a few days before some other sugary voiced agent call you and tells you another inflated NAV. If you ask them to confirm the NAV you find a very sheepish reply unfolding you that the NAV is actually a third of what they have mentioned before. They count on associates being easy to fool enough not to double check their information.
The premium allocation charges are 25 % for the first year, + 1-1.5% of the NAV of the fund invested in. The fund invested surrounded by being equity base lost 50 % of its value after the first year due to poor performing of the stock markets and exceptional beneath performance of the fund invested within. So at the end of the first year the Net Asset Value, be a small fraction of what I paid.
I finally granted, it was financially more prudent to cut my losses, and asked them not to send for me up anymore and waste my time as I be not interested in their Insurance policy, as it insured themselves and not me.
What is the winter sport that insurance agents play when they buy (pay for) clients insurance?
Hi,
Perhaps your's is a natural life insurance policy.I can't understand what do you imply by life time policy? Life insurance policy is a trial contract between you and your insurer.So,your insurer can't cancel your policy in need valid ground such as non-payment of premium,contravention of their terms and conditions etc.If adjectives is o.k.,let them repeal it so that you can go for court proceedings. is this the same rep that sold you the policy. Sounds fishy. Sound similar to he need to hit production numbers and in a minute that that the policy is in place he is of a mind to have you do what is right for you. I would yak to another company get a second feelings. This will help you fantasize in a better street lamp.
Probably because you're likely to be putting FAR more within than you're going to get out of it, or even vice versa, knowing what reps are resembling.
Your best bet is to ring up (not his direct number) and ask them WHY there's a rep suggesting you withdraw.
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