Unjustified deduction on closure of insurance policy by Tata AIG

Although i made a written complaint to Tata AIG to close my insurance policy there is no response from anybody in the past one week.

Initially they said they will deduct around 50 % of my total premium amount. This is life insurance policy with critical illness, they could not explain why they want to deduct money under which clause of the agreement.

If this is the situation with tata group then can we really believe anybody?????????


Staff member
Frankly speaking it isn't easy for them to deduct on closure if it is not in the policy agreement. Usually they don't give space for such mistakes. Amitavab you tell me what is there in the policy wording.

For life insurance products you should only go with LIC as they pay on maturity almost in all cases.

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