Aviva lifelong - terms & conditions - i’m in losss
Hi,
I lost almost 52000 rupees because not reading the terms and conditions of Aviva LifeLong policy.
The agent told me that I need to pay only three premiums and when I didnot pay my forth premium my amount goes from 75000 to 25000( some stupid law) and I got letter saying your policy about to collapse. I had two options like - paying the premium till next 30 years(I f Big banks can bankrupt why not aviva) and the other was surrender.
So I surrended, I yet not get my money but hopefully I will get some 20000.
I decided not to invest in any ULIP plan now.
So I suggest you to please please read terms and conditions before going for any plan.
Also don’t mix Investment and Insurance.
Take the Insurance without Investment( generally non-refundable) so less chances to loose the money