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In ulip plan if plan purchased verbally and then company and agent invested in regular plan what to do if forcing for further premium expert please guide you soon as you are senior citizen?
Wiki User
∙ 13y ago
You cannot buy a ULIP Plan Verbally and if some agent is telling you that you bought a ULIP verbally - then he is cheating you.
Remember:
- You cannot buy a Insurance policy Verbally - Since ULIP is a partial Insurance product, no agent can sell you a ULIP without you actually signing a bunch of documents
- You cannot be forced to pay further premiums. If you dont want to pay the premium, tell them and stop paying it.
- The agent cannot invest the money in a plan that you havent chosen.
If you are being forced by the agent, call up the customer care of the insurance company and raise a formal complaint.
Wiki User
∙ 13y ago
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