My LIC policy was foreclosed without intimating me neither a notice was sent and the bank did not give me any settlement amount. What can I do my father had paid 13 out of 14 premiums?


A policy is foreclosed when the loan amount plus accrued interest exceeds the total surrender value. 

If it has exceeded the total surrender value then policy will be foreclosed without any intimation 

How would you rate the answer?


Excellent Good Neutral Poor Bad

Thank you for your response..


tesz.in
Hey , can you help?
Answer this question