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Oar Rinivas Philkhans
November 20, 2018
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sir I have taken met life monthly income plan and paid three years and now five years passed 2013 is the year of policy, paid upto 2016 and now today I received a email mesage that please collect your unclaimed money lying with us. pnb met life. I stopped paying the premiums. and two years passed , now 5 years total oct 2013 to oct 2018. policy is for 10 years . I thought policy will be converted to reduced paid up value and pay out will start from 11 year onwards ,please advise me now whether to revive the policy if a remote chance is there. i got no intimtion from them since last two years though.what is your best advise. waiting for your reply..

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Deepak Yohannan
MIC Staff

November 21, 2018 : Answered in 17 Hours

Best is to just close this out. You do not get much returns in such plans, so no point in it. You will have to check with them if you can revive it. But you will have to pay all past premiums wth interest - the interest will be more than the returns which you will get..

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