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MouthShut Score

18%
1.65 

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Surrender charge had eaten all my investment
Feb 16, 2016 06:34 PM 49950 Views

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Policy Number: 20751099


I have opted for "Met Monthly Income Plan" with monthly payment Rs.4346 starting from year 2012.


Now due to financial issue, I want to Surrender my policy and use the amount to clear my financial issues. But to my shock, the customer care representative told me that I will be getting only 36K in hand out of 1.6Lakh, almost 78% of my investment will be deducted as surrender charge.


Please help how can I deal with it.


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