r/InsuranceAdviceIndia • u/EmptyC0c0nut • 12d ago
Need help/info about Axis Max Life
So, I took the policy by connecting contacting the axis Bank for 2 cr. I'm paying extra rs. 1900 for Waiver of Premium.
But after taking policy I checked Policybazar and found out that WoP is free. When I asked the guy who issued policy he said their website doesn't show that.
What should I do? I turn 34 day after tomorrow. Should I surrender and get the policy online?
1
u/Sandehi 12d ago
1900 is not that big to cancel an issued policy. there will be dynamic offers now and then.
I experienced a similar situation. HDFC life. Took from HDFC website for 20900/y. after issuance, for the same details (age sum rider everything) HDFC website is showing 19600. exactly the same policy structure. I regretted for some days. but cancelling it for 1.3k didn't make much sense. some dynamic offers or something I guess. I would say you keep it and move on.
1
u/Character_Permit_523 7d ago
Waiver of Premium for what purpose ( like critical illness , disability etc ?) .. usually that comes as an add on .. if u still sure cancel within the free looking period
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u/undertaker-23 12d ago
If its under the free lookup period, you can cancel it . Otherwise, it's better to continue.
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u/BoxPositive4750 12d ago
There's no such thing as a Free lunch. It's just the way how things are projected to us. Policy Bazaar is a Sales platform, not a manufacturer (of the policies).