Dear Sir,
I have taken a ULIP plolicy "Smart Assured Unit Link Plan" policy 4 years back. Now I want to do a partial withdraw of Rs 65,000 which is just 60% of my total money and I am making sure I have enough balance to run the policy.
But Maxnewyork folks are rejected my request saying "only 20% of money can be withdrawn at a time" so to get Rs 65,000 I need to apply 4 times and have to wait for 4 to 5 months to get 65,000 rupees.
In the terms and conditions document provided by Maxnewyork does not mention any thing about 20% upper limit for partial withdrawal.
Can someone help me how to proceed with this problem?
I have taken a ULIP plolicy "Smart Assured Unit Link Plan" policy 4 years back. Now I want to do a partial withdraw of Rs 65,000 which is just 60% of my total money and I am making sure I have enough balance to run the policy.
But Maxnewyork folks are rejected my request saying "only 20% of money can be withdrawn at a time" so to get Rs 65,000 I need to apply 4 times and have to wait for 4 to 5 months to get 65,000 rupees.
In the terms and conditions document provided by Maxnewyork does not mention any thing about 20% upper limit for partial withdrawal.
Can someone help me how to proceed with this problem?