http://www.bimaworld.com/forums/ Indian Insurance Community Forums en Sat, 11 Feb 2012 09:54:15 +0000 http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-7152 Wed, 01 Feb 2012 19:52:13 +0000 Jack 7152@http://www.bimaworld.com/forums/ <p>The refund of such amount is impossible and it is already mentioned in the insurance policy rules that must be read and understand first before signing in the policy. </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-7112 Mon, 30 Jan 2012 23:06:57 +0000 pathialen 7112@http://www.bimaworld.com/forums/ <p>Either you can ask for the loan or you can leave your policy only in this case if you paid for minimum, i think 3 years.<br /> So as you have paid only for one year that is why it is not applied. </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-5877 Mon, 02 Jan 2012 13:57:07 +0000 Anonymous 5877@http://www.bimaworld.com/forums/ <p>Dear sir,</p> <p>I have paid a LIC pension policy, in which every year i need to pay Rs. 49229/-.in the year 2007-2008. I have paid only one installement only.</p> <p>My quesstions are:-</p> <p>1. Can I cancel my policy and claim the amount paid.</p> <p>2. Can I decrease my yearly payable amount to Rs. 25000/- and make my policy LIVE.</p> <p>Ravindra </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-5612 Wed, 21 Dec 2011 18:28:54 +0000 Anonymous 5612@http://www.bimaworld.com/forums/ <p>Mr. Praveen,</p> <p>A policy can be surrendered only after it has achieved paid-up value, for which one has to pay at least 3 annual premiums.</p> <p>in your case it is one year hence you are not entitled for refund of premium. you may cross verify the same with your policy issuing office. </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-5601 Wed, 21 Dec 2011 16:10:45 +0000 Anonymous 5601@http://www.bimaworld.com/forums/ <p>Hi,</p> <p>I took a money back policy if LIC in 2010 Jan, it was on yearly premium basis.I had paid 32000/- for 1st premium(2009 and due to some problems i could not pay the premium for 2010.</p> <p>Could you please suggest me the process to surender this policy and get back my money which I paid for premium.</p> <p>You can mail me on <a href="mailto:pkdubey84@gmail.com.">pkdubey84@gmail.com.</a></p> <p>Thanks,</p> <p>Praveen </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-4581 Tue, 28 Jun 2011 23:20:10 +0000 Anonymous 4581@http://www.bimaworld.com/forums/ <p>In Year october-2008, I have a jeevan anand policy its termed is half yearly Rs-24620.I give only two premium in some financial problem . So You could give me some advice how I get my all money back with give short time of premium. </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-4457 Tue, 31 May 2011 10:38:37 +0000 Anonymous 4457@http://www.bimaworld.com/forums/ <p>Hi,<br /> I took Jeevan Anand policy SA of 5,00,000 and annual premium of Rs.30,450 5 months back and due to some financial problem i could not pay next premiums.<br /> So i want to reduce my sum assured to 1,00,000 and my annual premium also reduce accordingly.</p> <p>After reducing sum assured is it possible to get excess amount paid in first premium.</p> <p>Thanks </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-1252 Sun, 25 Apr 2010 03:02:40 +0000 Anonymous 1252@http://www.bimaworld.com/forums/ <p>Respected,<br /> I have my three policies but due to saome problem i have not paid few premiums of the same,but i have paid more than 6years, and now i would like to discontinue my policies.<br /> So plz guide me that how i can get my paid money back.<br /> Thank you </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-857 Thu, 14 Jan 2010 21:22:17 +0000 devanand 857@http://www.bimaworld.com/forums/ <p>Mr. Jaiswal,</p> <p>Note that the refund of premium is not possible.</p> <p>Further one can raise loan or surrendred the policy, if, minimum 3 year's premium is paid. In your case, only one premium is paid hence you are not eligible for raising loan or surrendering the policy.</p> <p>Alternatively, we feel u should revive your policy by paying previous premiums and interest, if viable for you.</p> <p>Please do register yourself and use this forum as a platform for solution of your queries regarding insurance.</p> <p>Regards<br /> Devanand </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-856 Thu, 14 Jan 2010 21:10:11 +0000 Anonymous 856@http://www.bimaworld.com/forums/ <p>In Year July-2007, i removed a Bima Gold insurance policy for Rs. 1 Lac i paid the first premium of Rs.927/- &#38; then discontinued paying the premium. </p> <p>In all total i have paid Rs. 927 to LIC . I would like to know that can the money be refunded to me in any ways by LIC &#38; what is the procedure for that.</p> <p>Arunkumar Jaiswal </p>